Iran News ...


7/5/07

Gaz de France buys Iranian hydrocarbon blocks tender documents

Tehran, July 5, IRNA - Gaz de France purchased the documents of four hydrocarbon blocks offered to tender for exploration and development, announced the representative of Tehran-based office of the French company on Wednesday.

Mohammad-Reza Odabaei told PIN the giant company was keen to help Iran produce and refine gas of those fields it had been involved in their exploration operations.

He revealed that Gaz de France was thinking of meeting its European clients' need by purchasing Iranian gas.

Odabaei added the French company would participate in those Iranian projects that would lead to exports of gas or production of liquefied natural gas (LNG).

Gaz de France is seeking to make investments in Iran LNG project's upstream and downstream sectors by 14 and 7 percent respectively.

To this end, the French giant is holding negotiations with the National Iranian Gas Export Company (NIGEC).

Iran extended the deadline for purchasing the documents and information packages of 17 exploration blocks' tender for 40 days.

The interested companies may purchase the documents by July 21 and offer their technical and financial proposals to the National Iranian Oil Company's (NIOC) Exploration Department by August 1.

The NIOC extended the deadline upon the request of domestic and foreign companies that purchased the documents late and did not have enough time to submit their technical and financial plans.

According to the previous deadline, the companies were to purchase the tender documents by June 10 and offer their technical and financial proposals by June 20.

Of the blocks, five are offshore and 12 onshore, spreading across nine provinces in a 129,000 km area.

Qouchan, Naftshahr, Ilam, Danan, Fassa, Bandar Abbas, Razi, Maraveh, Tappeh, Moghan 1 and 2, Kavir, Alvand, Ferdowsi, Laleh, Taban, and Deir constitute the 17 blocks.

Companies may purchase tender documents at varying prices, but the maximum price is euro 38 thousand.

Iran introduced 17 oil blocks for exploration and development during a February meeting in the Austrian capital Vienna.

US pressures to persuade foreign oil companies not to invest in Iran have been ineffective.

Iran to become large Aromatic, Ethylene producer by March 2015

Tehran, July 5, IRNA - Iran will turn out to be a large producer of aromatic, ethylene, and methanol products by the end of Iranian calendar year of 1393 (March 20, 2015), according to predictions.

Based on initial estimates, Iran has the capacity to produce 98 million tons of petrochemicals per annum, of which 75 million tons are saleable, reported PIN.

The country has produced 3.141 million tons of different types of petrochemical products from March 21 to May 21, 2007.

Nouri (Borzouyeh) Petrochemical Complex, the world's largest aromatic project, was inaugurated in the presence of Iranian President Mahmoud Ahmadinejad and his Venezuelan counterpart Hugo Chavez in Assalouyeh in southern Iran on July 2.

The complex managing director told PIN that Nouri (Borzouyeh) Complex was ready to start work at full capacity.

The complex is to yield 1.28 million tons of main products including paraxylene, orthoxylene, and benzene as well as 3.178 million tons of byproducts such as light and heavy hydrocarbons, slice of pentane, raffinate, and liquefied gas per annum.

The products are used as raw material for production of polyesters, synthetic fibers, paints, resins, disposable bottles, pharmaceutical compounds, and pesticides.

The other two acetic acid complexes of Fanavaran and Ghadir would be also inaugurated by June 21, announced Iran's National Petrochemical Company (NPC) production manager.

Ahmadinejad agreed to change the name of "Borzouyeh" to "Nouri" Petrochemical Complex. The decision was made following the request of the family of Mohammad Nouri, former managing director of the complex, who died last year.

Nouri, one of the founders and designers of the complex, had worked in the plant for eight years.

... Payvand News - 7/5/07 ... --



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