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Date: JUN 07, 2017

Iran hits back at India, inks gas field deal with Russian firm

NEW DELHI: Iran has signed a basic agreement with Russian energy giant Gazprom for development of Farzad B gas field, discovered by a consortium of Indian state-run companies, in an apparent retaliation against India's bid to pressure Tehran for a formal deal by cutting purchase of Iranian oil. This is likely to strain ties between the two countries as it can potentially hit India's ongoing participation and investment in development of oil and gas sector in Iran. The agreement with Russia comes on the back of India's failure to finalise a commercial contract for Farzab B with Iran despite the optimism expressed by PM Narendra Modi and President Hassan Rouhani for the same when they met in Tehran last year. Iran's oil minister Bijan Zanganeh recently told Argus, the top global energy market information provider, that Farzad-B field was among three such agreements signed with Gazprom. The other two fields are North Pars and Kish gas fields.
Date: Nov 18, 2016

Iran to Host 9 Heads of State in GECF Summit

TEHRAN (NIOC) _ Iran will be hosting nine heads of state and a large group of other dignitaries during the third summit meeting of the Gas Exporting Countries Forum (GECF), Iranian Oil Minister stated. Speaking at a press conference in Tehran on Tuesday, Bijan Zangeneh said the third summit meeting of t he forum will open in the Iranian capital on Monday with participants expected to discuss various issues related to production, export and pricing of natural gas in global markets. "So far, presence of the presidents of Russia, Iraq, Venezuela, Bolivia, Nigeria, and Equatorial Guinea in the summit has been finalized," he added. The Iranian oil minister stated that Algeria will send its prime minister to GECF summit while the president of Turkmenistan will take part as special guest. Zangeneh   said   this   is   the   first   time   that   a   summit   meeting   of   GECF   is   to   host   nine   heads   of   state,   adding,   "The   first   GECF   summit,   which   was   held   in   Qatar,   had   four   heads   of   state   as its   guests,   while   there   were   six   country   leaders   in   the   second   summit,   which   was   held   in   Russia.   For   the   third   summit,   which   will   be   held   in   Tehran,   the   presence   of   nine   heads   of state has been finalized, so far." The   Iranian   oil   minister   noted   that   the   member   and   observer   states   of   GECF   possess   about   70   percent   of   the   world’s   total   natural   gas   reserves   while   accounting   for   45   percent   of global gas production, about 85 percent of gas trade in the form of liquefied natural gas (LNG), and 40 percent of gas trade through pipeline. "Iran has the world’s biggest natural gas reserves and our share in domestic and global markets is increasing on a daily basis," he said. According   to   Zangeneh,   two   ministerial   meetings   will   be   held   on   Saturday,   November   21,   followed   by   the   summit   of   the   forum,   which   will   be   chaired   by   Iran's   President   Hassan Rouhani.On   October   18,   Zangeneh   met   with   secretary   general   of   GECF,   Mohammad   Hossein   Adeli,   in   Tehran,   telling   him   that   the   Islamic   Republic   is   ready   to   hold   the   third   GECF summit."The   meeting   will   be   held   at   the   highest   level   and   with   the   participation   of   the   presidents   of   the   forum’s   member   countries,"   Zangeneh   said,   adding   that   energy   ministers   of the   participating   countries   will   also   attend   the   event.GECF   was   established   by   Iran,   Russia,   Qatar   and   a   number   of   other   countries   on   December   23,   2008,   to   help   member   countries take   measures   aimed   at   coordinating   natural   gas   production,   export   and   price   control.The   Gas   Exporting   Countries   Forum   is   made   up   of   18   main   and   observer   members.   Iran, Russia, Qatar, Algeria, Bolivia, Egypt, Equatorial Guinea, Libya, Nigeria, Trinidad and Tobago, Venezuela, Peru and the United Arab Emirates are the main members of the forum. The Netherlands, Kazakhstan, Iraq, Norway and Oman will also take part in the forum’s summit as observer members.
Date: Nov 15 2016

Turkmen Oil & Gas Exhibition

The National Iranian Gas Company has participated in 20th Turkmenistan International Oil & Gas Exhibition 2015 which is being held in Ashgabat Exhibition Palace, Turkmenistan 17-19 November 2015..
Date: Nov 14, 2015

Iran to host 9 heads of state in GECF summit: Zangeneh

Irans oil minister says the Islamic Republic will be hosting nine heads of state and a large group of other dignitaries during the third summit meeting of the Gas Exporting Countries Forum (GECF)... Iran's oil minister says the Islamic Republic will be hosting nine heads of state and a large group of other dignitaries during the third summit meeting of the Gas Exporting Countries Forum (GECF). Speaking at a press conference in Tehran on Tuesday, Bijan Zangeneh said the third summit meeting of the forum will open in the Iranian capital on Monday with participants expected to discuss various issues related to natural gas in global markets. “So far, presence of the presidents of Russia, Iraq, Venezuela, Bolivia, Nigeria, and Equatorial Guinea in the summit has been finalized,” he added. The Iranian oil minister stated that the prime minister of Algeria will attend to GECF summit and also the president of Turkmenistan will take part as special guest. Zangeneh   said   this   is   the   first   time   that   a   summit   meeting   of   GECF   is   to   host   nine   heads   of   state,   adding,   “The   first   GECF   summit,   which   was   held   in   Qatar,   had   four   heads   of   state   as   its   guests, while   there   were   six   country   leaders   in   the   second   summit,   which   was   held   in   Russia.   For   the   third   summit,   which   will   be   held   in   Tehran,   the   presence   of   nine   heads   of   state   has   been   finalized, so far.” The   Iranian   oil   minister   noted   that   the   member   and   observer   states   of   GECF   possess   about   70   percent   of   the   world’s   total   natural   gas   reserves   while   accounting   for   45   percent   of   global   gas production, about 85 percent of gas trade in the form of liquefied natural gas (LNG), and 40 percent of gas trade through pipeline. “Iran has the world’s biggest natural gas reserves and our share in domestic and global markets is increasing on a daily basis,” he said. According to Zangeneh, two ministerial meetings will be held on Saturday, November 21, followed by the summit of the forum, which will be chaired by Iran's President Hassan Rouhani.

                                                                   

Date:

Nov 4, 2015

                                                                    MP Urges Development of Joint Oil, Gas Fields

                                                                                           A member of the Majlis (Parliament) Development Commission said making the most from Iran’s joint oil and gas fields with the neighboring                                                                                                                                                countries can lead to an industrial leap in the Islamic Republic.                                                                                           “Lawmakers welcome measures taken in recent years to increase recovery from South Pars field which is shared with Qatar.                                                                                           Well-planned oil  development can result in industrial leap and economic development,” Hamed Qadermarzi told Shana.                                                                                           “Last year, Majlis authorized using National Development Fund for the development of the joint fields in the current year’s budget for investment in                                                                                           the South Pars projects,” he added.                                                                                           South Pars gas field is one of the largest gas reservoirs in the world lying on the territorial border between Iran and Qatar in the Persian Gulf.