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Iran to Boost Oil Output Capacity to 4.5 Million

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Iran to Boost Oil Output Capacity to 4.5 Million Nozari won vote TOP STORIES of confidence holam-Hossein Nozari has received votes of confidence Mansourabad Gto lead Iran’s oil industry.President’s nominee for the Oil inaugurated Ministry, Gholam-Hossein Nozari, won a vote of confidence he first phase of Mansoura- by 217 votes to 20. Nozari, who has been a caretaker of the Tbad oilfield in Khuzestan ministry for the past three months, was backed by parliament Province, southern Iran, was offi- members.A vote of confidence session was held with the cially inaugurated last week. participation of President Mahmoud Ahmadinejad, First Vice- President Parviz Davoudi and nine cabinet ministers. Seyed Ja’far Hejazi, Khuzestan Province governor general, The Weekly Publication of the Iranian Petroleum Industry No. 371, New Edition Nov 18 , 20 07 Behbahan governor, manag- ers of National Iranian South Oil Company, and a number of provincial executive managers Count Down IPI talks on track were present in the opening cer- emony. SPD7 Platform to be installed MMehdiehdi JJediniaedinia After months of negotiation, political issues. every three years instead of a Delivering speech in the this month ran and Pakistan finalized Iran finally gave India a four- Meanwhile in New Delhi, long-term fixed price. ceremony, NISOC Managing PD7 platform of Phase 6 Ithe articles of the contract month deadline to formally agree Petroleum Minister Murli Deora Despite the fact that certain Director Seifollah Jashnsaz said Swould be installed in late on November 10 after lawyers its participation in a multibillion said India remained interested in internal problems including the implementation of develop- November. of both countries reviewed and dollar project to transport Iranian a deal. “Before the next tripar- the high cost of transferring gas ment plan of the field was based Peteropars Company manager endorsed the draft. gas to India through Pakistan. tite meeting, a bilateral meeting from Iran to the subcontinent and on an initiative of domestic oil for logistical affairs of South The pipeline project, dubbed The warning came after between India and Pakistan is the provisions for the periodic experts, increasing the compa- Pars field’s phases 6-8, Ali the <Peace Pipeline’, is planned Iran and Pakistan finalized necessary to decide on transpor- review of prices had been among ny’s technical and engineering Ne’matollahi, said that the to transfer Iranian gas to India the content of the $7.4 billion tation tariff, transit fees, and a the reasons for India’s hesitation know-how. platform of Phase 8 would be constructed this month via Pakistan. gas export deal - originally a common stand on the price revi- to joint the project, Iran and Paki- and SPD7 would be transferred to Aghajari to inject The installations included gas into oilfields. Until recently, tripartite tripartite project - scheduled sion clause proposed by Iran,» he stan are still hopeful that India pipelines linking three wells, The company would give first priority to the running negotiations were held to reach to be signed within a month. “I told a media conference. will rethink its position and joint inlets, two electric pumps, and of Phase 8 to prevent gas shortage in the upcoming agreement on the 7.4-billion- don»t think we would wait for “We are finalizing the dates the contract in good time. power transmission line. winter, said the official. dollar project but New Delhi’s them (Indians) more than three for such a meeting.” Hojjatollah Ghanimifard, Iran’s Jashnsaz announced that The Petropars official said the gas produced by indecisiveness pushed Tehran or four months,» a top ranking Talks on the project to supply representative in the long-drawn NISOC had produced 19 thou- Phase 8 would be sweetened and injected into the and Islamabad to continue talks official, told reporters. gas to India through Pakistan and negotiations for the finalization sand barrels of crude oil daily cross-country grid for a limited period, reiterating bilaterally. Seifi however expressed hope Pakistan itself through a 2,600 of the contract, had previously more than the figure targeted by that the phase would be given top priority to meet Pakistan has underlined the New Delhi would still join the kilometer pipeline began in 1994 said that all issues relating to the Petroleum Ministry. the growing need in winter. importance of Iran-Pakistan-In- much-delayed project, under but were stalled by tensions the final text had been ironed According to the NISOC chief, “The platform of Phase 8 was installed last May and dia gas pipeline project in fulfill- which energy-poor India would between India and Pakistan. out and the text was ready for phases 2 and 3 were supplying its gas at early stage, 70 percent of the fund would said the manager, adding the gas of Phase 8 would ing the energy-starved country’s receive 30 million cubic meters An early October agreement formal ratification by Iran and go for boosting the production be transferred to the refinery next month. demand many times. a day of Iranian gas. between Iran and Pakistan Pakistan. capacity that would cover 209 Phase 6 would be supplied with the required gas On the other hand the third Seifi said the delay by India, marked a breakthrough in the Under the new scenario the projects. as of late Nov. and it would play a logistical role for party is still playing a backgam- an increasingly important U.S. talks when they agreed to a Iranian gas can also be exported refineries of South Pars field, said the official. mon game. ally, was due to both energy and periodic revision of gas prices to China. UAE in line he United Arab Emirates has Tcalled for 30 trillion cubic Glory feet of gas per year from Iran. The National Iranian Gas Iran to stop gasoline imports Export Company managing ran will end petrol import director Nosratollah Seifi said: by 2009. Iran to Boost Oil Output I “Iran will sell gas to the UAE An official from National if the two sides accord on the Iranian Oil Refining and Distri- price.” bution Company has announced High gas consumption has that the country will soon stop prompted the Emirates to demand gasoline imports. Capacity to 4.5 Million bpd a far larger volume of gas. Iran will produce enough gasoline to meet its domestic needs by 2009 and will be able to export the fuel a year Seifi also said that despite later, a senior adviser with the company said. Increase in OPEC quota would have no impact on global oil prices some disagreements on pricing, He added that Iran would increase the refining discussions between Iran and capacity from 1.65 million barrels to 3.3 million the United Arab Emirates for per day. exporting oil to that country were Iran implemented a gasoline rationing plan this continuing. year to decrease consumption and cut enormous government subsidies for the product. Iran is currently one of the biggest importers of Iran’s gas sector needs petrol in the world. $90b investment ran’s gas sector will require Iattracting over $90 billion in Record investment, according to the country’s recent comprehen- sive development plan. One Billion Euros Thirty-five gas facilities contract has been inked for should be set up each 5-year in A the construction of three the country, which means that petrochemical complexes, Iran will have to launch 140 valued at one billion euros last week. facilities within 20 years, said The news was confirmed by Seyyed Reza Kasaeizadeh. He the deputy petroleum minister further noted that more than $100 for petrochemical affairs. million will be needed to make The National Petrochemical Company and Iran’s the facilities operational. He also Hampa Company signed the deal for the construction pointed out that 53,000 kilome- of the Lordegan, Golestan, and Zanjan petrochemical ters of gas pipeline should be laid complexes, Gholamhossein Nejabat announced. during the 20 year period. He added that the output will be for domestic con- sumption, adding that the Oil Stabilization Fund will Industrial and developed countries produce the most environmental pollution which leads to global warming finance the construction of the plants. Envoy slams high oil The complexes will boost annual output of urea ran aimed to increase its oil per day. stations in the region as they ramp Nozari said seven big indus- production costs and nitrogen fertilizers when they come on stream Ioutput capacity to 4.5 million Asked about the decreased par- up power capacity to meet the trialized countries of the world ran’s envoy to Madrid says in March 2008. barrels per day by 2010, said ticipation of foreign companies needs of a petrodollar-fuelled had earned 20,000 billion dollars Isoaring costs of oil production The complexes will produce 3 million tons of urea Minister of Petroleum Gholam- in Iran’s oil projects, the visit- economic boom. Heavy indus- from oil sale taxes. make existing prices unjust and and nitrogen fertilizers per annum, he explained. Hossein Nozari in Riyadh. ing minister said Royal Dutch try is also burning more of the President Mahmoud unreasonable for oil producing Iran was pumping at around Shell and Repsol companies were fuel. Ahmadinejad, and Foreign countries. Davoud Salahi, the 4.15 million barrels per day, he busy studying plans they were All the countries in the region Minister Manouchehr Mottaki Iranian Ambassador to Spain, Person of the week added, speaking ahead of an to implement in the country and are short of gas except for Qatar, were also represented Iran in the said that «high costs in oil pro- OPEC heads of state summit on Tehran was holding talks with the which has called a halt to new Riyadh summit.
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