After years of stagnation, ignorance, and uncertainty, the name of the Kish gas field is now on the lips again, and news indicates that the first phase of this field has been completed and it is ready to produce 28 million cubic meters of gas per day. But what has put the Kish gas field on the verge of a major change is the dire need for investment for the second, third, and even fourth phases; a project that requires about $8 billion in financial resources; meanwhile, rumors indicate that Persian Gulf Holding is the most serious option to enter this field.
The manager of the fifth refinery of the South Pars Gas Complex said at the weekly production and review meeting of the South Pars Gas Complex's strategic projects: "We have been able to record an annual supply of 7 percent of the total gas delivered by the country's refineries to the National Gas Company by using innovative knowledge and 100 percent use of domestic goods."
The head of research and technology at Ilam Gas Refining Company announced the signing of contracts for four first-time production projects and nine research projects, and the support of 14 postgraduate theses in 1403.
The CEO of Pars Oil and Gas Company said: The first steam unit of the South Pars Besat combined cycle power plant has been put into production at full capacity.
This event will present more than 200 investment and financing opportunities in various areas, including the development of 100 oil and gas fields.
Petrochemicals have no gas for four months of the year, and soon it will be six months. To survive, petrochemicals have turned to upstream to develop gas fields themselves. But a year after the MoUs were signed, no contracts have been finalized and no gas has been extracted.
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.
