Iran is going to increase its share in several foreign oil and gas projects, including development of the gas condensate Shah Deniz field in the Azerbaijani sector of the Caspian Sea, Iranian media quoted Hussein Zamaninia, Iran’s Deputy Minister of Oil for International and Commercial Affairs, as saying.
“We are going to increase our share in development of several fields and projects in several countries. Shah Denis among the projects, but we have not made a final decision on this issue yet,” he added.
National Iranian Oil Company(NIOC) has 10% share in the Shah Deniz project.—0—
Economics
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
-
Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
-
In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
Leave a review