The Persian Gulf Bidboland gas refining project has been nominated as one of the four finalists of the International Project Management Association (IPMA)’s Global Project Excellence Award at the energy sector in 2020.
Deputy Managing Director of the National Iranian Oil Company for Exploration Affairs Saleh Hendi said that by exploring 4.9 billion barrels liquid hydrocarbon in 2019, the NIOC is standing on the top of oil giants in the world.
By Simon Watkins
Reaching a natural gas production of one billion cubic meters per day (bcm/d) has been one of the three core hydrocarbon resource strategies of Iran since the Islamic Republic began to seriously develop the supergiant South Pars non-associated natural gas field in 1990, alongside producing 5.7 million barrels per day (bpd) of oil and building out a world-class petrochemicals sector.
Pointing to the operation of Iran’s sixth and ninth gas transmission lines, Oil Minister Bijan Namdar Zanganeh said on Monday that Iran’s total gas export capacity increases to 80 million cubic meters (mcm) per day.
Platform 13C, the third platform of Phase 13 of Iran’s South Pars Gas Field’s development project, officially started sending gas to the refinery, Pars Oil and Gas Company (POGC) which is in charge of developing the gas field announced.
The National Iranian Gas Company (NIGC) said its supply of natural gas to power plants across the country increased by two billion cubic meters (bcm) in the four months ending July 21, allowing the country to earn $1 billion from exports of the substituted gas oil.
Managing Director of South Pars Gas Company (SPGC) Hadi Hashemzadeh-Farhang said the South Pars gas output has been increased by 155 percent since the Iranian year of 1392 (started on March 21, 2013) up to the end of the previous year (ended March 19, 2020).
The supervisor of the second refinery of Iran’s giant South Pars gas field has said the refinery’s gas production has increased by two percent in the first four months of the current Iranian year (March 20-July 21, 2020).
Iran’s oil industry activities have been going on strongly in the past two years since the US pulled out of the nuclear deal and reimposed sanctions, Oil Minister Bijan Namdar Zanganeh said on August 3.