The Iran LNG project, which began in the 1980s with the aim of making Iran a major player in the global liquefied natural gas market, is now facing numerous technical and economic challenges. Despite the signing of a new memorandum of understanding between the Iranian Natural Gas Liquefaction Company and the Petroleum Industries Engineering and Construction Company, experts believe that without cooperation with Western companies, the implementation of the project will be impossible.
The Trump administration has sanctioned the Iranian shipping giant in new, draconian sanctions against Iran's oil and gas sales.
A member of the Energy Commission of the Islamic Consultative Assembly considered that eliminating the energy imbalance requires comprehensive cooperation and said: "The efforts of the National Iranian Gas Company in supplying gas to all parts of the country last winter should be a model for other organizations."
With the aim of accelerating the exploration of hydrocarbon resources and attracting investment, the National Iranian Oil Company has introduced 23 exploration blocks on land and sea, with the total in-situ oil and gas reserves of these blocks estimated at more than 193.8 billion barrels and 783 trillion cubic feet, respectively.
A member of the Energy Commission of the Islamic Consultative Assembly said: "In a situation where Iran is facing numerous challenges in the energy sector, creating investment security in the upstream oil and gas sector is one of the basic priorities."
A member of the Energy Commission of the Islamic Consultative Assembly announced the event of transformation in investment and development in Iran's upstream oil and gas sector as an effective step in the year of investment for production, and said: "Introducing investment fields will provide the opportunity to attract capital in various fields of the oil and gas industry and upstream industries."
The CEO of the National Southern Oilfields Company considered investing in the oil industry a suitable opportunity for economic activists, saying: "Lower risk and high returns have made investing in the oil industry an opportunity."
A possible agreement between Iran and the United States could lift Washington's sanctions on Iranian gas exports to Pakistan and revive the Peace Gas Pipeline to ensure Islamabad's energy security.
After a long period of stagnation and uncertainty over the fate of the Kish gas field development plan, new news is now reporting progress in drilling in the field and the completion of the ninth well; an event that coincides with rumors of the field being transferred to Persian Gulf Holding and has also raised speculation about the role of Touraj Dehghani, CEO of Pars Oil and Gas. Is the Kish gas field on the verge of a high-profile transfer to the petrochemical sector?
The CEO of the National Iranian Gas Company issued separate orders appointing the main, technical, and alternate members of the National Iranian Gas Company's contractual dispute resolution board.
