TEHRAN (ISNA)-Iran's Oil Minister Gholam Hossein Nozari said on Tuesday Shell and Repsol are willing to take part in production of two phases of South Pars gas field.
Speaking at a press conference he said Royal Dutch Shell and Repsol have proposed cooperation for initial production of Phase 13 and 14 of South Pars gas field.
Iran has the capacity to produce 4.350 billion barrels of crude oil per day, he added.
The capacity is significant for the country's influence in Organization of Petroleum Exporting Countries (OPEC), he said.
He also referred to the plans for building 7 new refineries and optimization of the existing refineries saying the programs will increase petrol production of the country to 190 million liters per day.
The corporation announced on Tuesday that it will continue to buy 250,000 tonnes of Iran's oil for the current fiscal year.
BPCL's managing director Ashok Sinha said although Iranian grades are not ideal for the corporation's refinery, they are necessary to diversify its crude sources.
Iran's northern neighbors are willing to take part in the project but Kazakhstan and Russia are more probable to cooperate, Deputy Oil Ministry for International Affairs Hossein Noghrekar Shirazi told ISNA.
It is important to identify oil fields that are to feed the pipeline and presently the most probable option is Kazakhstan because the pipeline needs to transfer 1 million barrels of oil a day through swap or transit, he noted.
The pipeline would travel from Neka port in Caspian Sea to Jask in the Persian Gulf to transfer north of Iran's oil to the south to reach global markets.
The design and engineering stages of the project have been implemented and a bid will be launched in order to choose the contractors. The venture needs 3 to 4 years to be fulfilled.
... Payvand News - 03/25/16 ... --