Iran Review 2013

Boosting gas exports to Turkey and Iraq would help Iran’s fiscal accounts, but would only partially compensate for lower oil revenue. If priced at European market rates, the deal with Iraq would be worth around $3.7 billion per year A PIPELINE deal with Iraq is the latest move by Iran to boost exports from its natural gas sector, which is woefully underdeveloped given the country’s massive reserves...






For both India and Iran, closer energy-based relations make sense given Iran’s need for foreign investments and India’s need to diversify its energy supply sources. However, US sanctions and political pressure may remain an obstacle to the energy talks INDIA and Iran have agreed to clear outstanding euro-dominated oil debts with payments in Indian rupees. The two sides have also made further steps in negotiations over the introduction of production-sharing contracts in Iran to replace the unattractive buyback scheme in order to attract Indian...






A new upstream contract structure could potentially attract “non-western” investors from Asia and Russia BACKED by a new law, Iran’s oil ministry is hoping to enter into deals with foreign contractors to explore the country’s underdeveloped oil and gas fields...






If production does reach 50 bcfd, Qatar’s commitment to its oft-extended North Field moratorium would have to be seriously examined. Politics played their part in Doha’s decision to halt new projects RECENT leadership changes in Iran and Qatar could have major implications for the world’s largest non-associated gas field, North Field/South Pars, which straddles the two countries’ maritime boundary...






The project, for which Tehran first awarded a contract in 2006, was abandoned by an international consortium led by Aker Kvaerner. Two Iranian contractors, Khatam Al-Anbiya and Iranian Offshore Engineering and Construction Company, took it over COMPLETION of the latest two development phases of Iran’s South Pars gas field has fallen two years behind schedule due to Western pressure on Tehran over its nuclear programme, which has been constrained participation in the country’s energy sector, the student ISNA news agency reports...






Iran, which sits on the world’s second largest natural gas reserves after Russia, has been trying to enhance its gas production by increasing foreign and domestic investments IRAN has officially announced it will increase its gas output and develop further oilfields in this financial year despite strict sanctions and lack of foreign investments even as its parliament (Majlis) has ordered the oil ministry to invest at least 10 trillion rials ($8.1 billion) in its joint...






Iran’s gas production in 2011 was 153.3 billion cubic metres (some 420 million cubic metres per day), while the consumption volume was 151.8 bcm IRAN has discovered oil and gas reserves valued at up to $400 billion in the first nine months of the current Iranian calendar year which started on March 20, 2012, Irna quotes National Iranian Gas Company managing director Ahmad Qalebani as saying...






Russia remains a much larger gas producer than Iran, which is unable to exploit the full potential of its resources because US and European trade sanctions over its nuclear programme have stalled energy projects OIL major BP cut its global natural gas reserves estimate for the first time in decades, revising Russia’s still classified holdings down sharply and putting Iran at the top of the world league table...






The fixed rate of return and the length of the original contracts which have been tweaked over the years, do not provide enough incentive for international oil companies IRAN is preparing a modified oil contract formula to attract foreign investment into its energy sector to improve on the terms of its so-called buyback contracts, deemed unattractive to oil companies even before the latest international sanctions came into effect last year...






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