Iran News ...


2/26/07

Iran's gas exports to Turkey at normal pressure

TEHRAN, Feb. 26 (Mehr News Agency) -- Turkey is receiving 17 to 18 million cubic meters of gas from Iran per day, and the pressure of the gas is at the normal level, Hushang Mehrdadfar said here on Monday.

Turkey's Butash takes 17 to 18 million cubic meters of natural gas from Iran a day, according to contract previously signed between the two countries, the director for operations at the Eighth Gas Zone added.

Despite cold whether and increase in domestic consumption in western provinces of Iran, the pressure of the gas exported to Turkey is at normal level, he stressed.

On gas swaps from Azerbaijan Republic to Nakhichevan via Iran, he explained that Iran receives one million cubic meters of gas per day from Azerbaijan and transits it to Nakhichevan.

He further explained that Iran has committed to transit 250 million cubic meters of gas to Nakhichevan in 2007. The figure will be increased to 300 million cubic meters in 2008, he added.

Second Abadan Refinery to be set up in southern Iran

TEHRAN, Feb. 26 (Mehr News Agency) -- Second Abadan Refinery will be soon established in the industrial site of Arvand Free Zone (AFZ).

The decision was made in talks with Oil Minister Seyyed Kazem Vaziri-Hamaneh, the Iranian Students News Agency (ISNA) quoted the AFZ Managing Director Mohammadreza Abbassi as saying Monday.

"In addition to the refinery, the downstream petrochemical industries and a power plant, whose contract has been inked, will become operational," he added.

The experts, during their visit to Arvand, decided to do research in the region, said the official.

He referred to a local people's innovation that helps produce oil and gasoline out of raw material and polymer wastes, adding the initiative will be introduced on April 1, marking the establishment of the Islamic Republic.

A $75 million contract on the setup of a Chinese market in Arvand zone has been signed, said Abbassi, adding the project is underway.

The initial studies on Shalamcheh market project have finished and the executive operations will start soon, the managing director added.

According to Abbassi, the market will include passenger terminals and Iran-Iraq railway.

ICOFC to put Gasho Gas Field development out to tender soon

TEHRAN, Feb. (Mehr News Agency) -- Iranian Central Oil Fields Company (ICOFC) will put the development of the Gasho Gas Field, in southern Iran, out to tender in the near future.

The ICOFC will put the development of the field out to tender in mid 2007 to select contractor for executive operations, the Mehr News Agency reported on Monday.

The field currently has no production; therefore, the state-owned company has planned to drill 20 wells to start production from the field. Four of the wells have been previously drilled and they should be repaired in order to have production.

Each well is expected to produce 1.5 million cubic meters of gas per day, which will amount the whole production from the field to 30 million cubic meters a day.

The contractor will be tasked to prepare equipment within a year, while it must complete the drilling of the wells within two years.

Moreover, a refinery will be set up at the field to take the gas extracted from the wells. The refined gas will be delivered to the National Iranian Gas Company (NIGC) later on.

Located in 70 km west of Bandar Abbas, Gesho Gas Field was discovered in 1976 via the drilling of one well. The gas has been proven at the field in Asmari, Pabadeh, and Savak layers. The in-situ reserves of the field are estimated at 4.361 billion cubic feet and 720 million cubic feet at the Sarvak and Khami layers respectively.

The ICOFC is a subcompany of the National Iranian Oil Company (NIOC), which is in charge of onshore oil and gas projects in central regions of Iran.

... Payvand News - 2/26/07 ... --



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