Iran's energy sector review

The managing director of National Petrochemical Co. Abbas Shari Moghaddam says that Iran has started negotiations with some companies from France, Germany, Denmark, Switzerland, Japan and South Korea in the petrochemical industry, but hasn't signed any agreement, yet. According to Mehr News Agency's report published on Feb.12, he criticized the American official's warnings about foreign companies' cooperation with Iran despite lifting the petrochemical-related sanctions. Shari Moghaddam said that the U.S.'s position caused foreigners confusion as whether to be involved in the country's projects or not. Iran holds above 153 billion barrels of oil, alongside 33.6 billion cubic meters of gas reserves but continues raw-selling its national resources. For instance, according to the Custom Administration's latest monthly report, Iran exported about $9 billion worth petrochemical products during the last 10 months, sharing 26 percent of non-oil exports, in...

Iran says the parliament has approved signing production-sharing agreement (PSA) in joint oil and gas fields as well as the off-shore fields in deep waters. Mehdi Hosseini, director of the Iranian Oil Ministry-appointed committee tasked with revising oil contracts said PAS contracts would be attractive for foreign companies, alongside the other new designed contracts which Iran would unveil in June. Iran has 28 joint oil and gas fields, where neighbors extract nine times more from these fields. Iran has no experience in PSA contracts due to legal restrictions that don't allow any company to share in the national oil and gas reserves. Rewards of PSA According to PSA, a contractor accepts all risks of a project, puts up the money, providing the equipment for exploration and development of a field in order to obtain a percentage of the field's reserves. PSA also raises the contractor's motivation and commitment to increase the recovery rate of fields as an owner o...

Iran sits on the world's largest natural gas reserves. The country's estimated reserves are around 33.6 trillion cubic meters or 18 per cent of the world's total proven gas reserves. However, the development rate of the country's gas projects is slow, and gas accounts for a major share of Iran's energy conumption. Iranian Oil Miniser Bijan Namdar Zanganeh puts the figure at 70 per cent. During the past month, several reports suggested that the capital, Tehran, and other cities across the country were facing gas shortage. Also it was reported that LNG distribution at the gas stations have been halted and the government was forced to feed liquied gas to power plants instead of natural gas. In the latest case, Iranian media outlets reported that the oil ministry has ordered the petrochemical complexes to lower their production rate to the least possible, or even halt production until further notice. Ahmad Mahdavi, the Director General of Petrochemical Emp...

President Rouhani's administration has set the goal of 519 trillion rials, (about $20.9 billion) government's income from implementation of the subsidy reform plan in budget bill. The government's income from the subsidy reform plan is expected to be around $11.26 billion in the current year. The Parliament approved the generalities of changes to the next year's budget bill on Jan.28. One of the most controversial items of the budget was the subsidy reform plan. The budget bill didn't specify detailed fuels prices, but increasing the government's incomes from the subsidy reform plan means more cuts to the state finances on subsided commodities and the necessity of raising fuel prices. Former President Mahmoud Ahmadinejad's administration in December 2010 implemented the subsidy reform plan to make some profit. The subsidy reform plan is aimed at easing pressure on state finances by cutting tens of billions of dollars from government subsidies ...

  By Dalga Khatinoglu Three years after being hit on the head during a police raid on Ankara  University , 25-year-old Arkadash Zekai Ozger’s body was found on the streets. A year after his death –caused by cerebral hemorrhage – in 1973, a collection of his poems that have been published in different newspapers and magazines, was gathered by his friends and published under a book named "It Is Love". Arkadash Zekai Ozger I’m someone, Who talks less, but tires more I like to drink wine with Halva I’ve never whispered any prayers But I love God and mom, My mom loves Him too Love of God and cats runs in our family We all love God and cats traditionally Life is a tragedy of a homosexual In my eyes, all homosexuals are similar to Adonis Because every drunkenness, Is a bit similar to Freud’s non-alcoholic deliriums… Arkadash Zekai Ozger In modern times, Adonis's name is often applied to handsome youths. Adonis –the god of beauty- has ...

Iran has 15 joint oilfields with its Arab neighbors The joint oilfields' production accounts for less than 10 per cent of Iran's current total oil output. The development process of Iran's three joint oilfields with Saudi Arabia including Arash, Esfandiar, and Farzad is currently slow, the Managing Director of National Iranian Oil Company Roknoddin Javadi said, adding that Iran currently produces 252,000 barrels of oil at its joint oilfields with neighboring counties. Javadi told the Iranian Mehr News Agency on January 24 that the country also produces 283 million cubic meters of gross gas at its joint [South Pars] gas field. Iran produces some 283 million cubic meters of gross gas per day at 10 phases of the gas field. Some 200 million cubic meters of the mentioned amount is being transferred to the national gas network, while the rest is being injected to the oil wells or being fed to the petrochemical complexes. According to BP's reports, Qatar produces ...

Long-lasting delays in Iran's upstream gas projects doubled the country's liquid fuel consumption of power plants in winter compared to temperate seasons. Iran holds 33.6 trillion cubic meters of proved gas reserves, sharing 18 percent of total global gas reserves which puts Iran in the top of the world's gas holders list, however, lacking technology and investment led to long-term delays in implementation of gas production projects. During the current Iranian calendar year (from March 20, 2013) the country slightly increased gas output, but consumption hugely outpaced it. Gas output, consumption growth During the last months of Iran's Ex-President Mahmoud Ahmadinejad tenure, the gas sweetening units of giant South Pars gas field's Phases 15 and 16 were inaugurated, while the gas extraction projects in these phases were not yet completed. Then, Iran decided to transfer some 12.5 million cubic meters per day of the produced sour gas in Phases 6, 7 and ...