Iran stands at an important crossroads in the history of its gas industry; either it can transform gas into an engine of economic development through fundamental reforms in consumption and policymaking, or it will face a widespread crisis in energy supply by continuing the current pattern.
Regarding the fate of upstream memorandums of understanding and their conversion into contracts, the CEO of the National Petrochemical Company said: "Some of these memorandums are being converted into contracts. For example, the contract for the Bakhtar complex has been approved by the National Oil Company's board of directors and is being finalized."
The Foreign Ministry spokesman stated that we have always emphasized bilateral talks with Kuwait to reach a fair and lasting agreement and understanding regarding the Arash gas field, adding: "Based on historical rights and the history of negotiations, we do not accept unilateral claims about this field under any circumstances."
The CEO of the Iranian Gas Transmission Company announced the sustainable transmission of 260 billion cubic meters of gas in the first year of the 14th government.
The head of maintenance at the Ilam Gas Refinery announced the start of the 17th major overhaul of the refinery on September 1st, saying: "The major overhaul of this period will continue for 24 days, with an estimated 64,000 man-hours of executive staff and 20,000 man-hours of supervisory staff."
The head of the Ministry of Oil's Flare Gas Collection Working Group, emphasizing the need to accelerate associated gas collection projects, said: "By order of the Minister of Oil, a special working group with broad powers has been formed to achieve complete collection of associated gases before the end of the Seventh Development Plan by monitoring, facilitating, and removing obstacles."
The Chairman of the Board of Directors of the Association of Oil, Gas and Petrochemical Contractors (APEC), stating that EPC contracts are the main contract governing the country's construction industry, said: "To achieve development, it is necessary to facilitate oil contracts and synergize the government and the private sector."
The Deputy Minister of Oil announced in a press conference the export of gas to Iraq and the possibility of extending the long-term contract for gas exports to Türkiye.
The Director of Production and Operations of Pars Oil and Gas Company announced the replacement of the main 32-inch gas flow disconnection valves (ESDV) of South Pars gas platform No. 10 with the aim of increasing production safety and sustainability.
The financing of $545 million of the credits required to implement the associated gas collection project in the southern Ilam region in the Dehloran region came from the National Development Fund.
