Director of the gas complex of Southern Pars field Hasani said that the complex is ready to ensure over 40% demands of Iran in gas during winter.
Hasani said that about 285 million cub.m. of natural gas a day is extracted on Southern Pars field. Approximately 80 million cub.m. of this amount is refined by Fajre Djam and Beyde Boland plants and 200 million cub.m. is injected into the gas distribution network for consumption in the industry and by the population after the desalination.
The above-mentioned gas complex makes 400,000 barrels of gas condensate, 500 tons of sulfur, 51,000 tons of liquefied petroleum gas (LPG) and 400 tons of ethanol, reported Iran.ru.—0-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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