• 5 minutes 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 8 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 12 minutes Will Uncle Sam Step Up and Cut Production
  • 15 hours OPEC will consider all options. What options do they have ?
  • 9 hours Danish Royal Palace ‘Surprised’ By Trump Canceling Trip
  • 12 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 4 hours Not The Onion: Vivienne Westwood Says Greta Thunberg Should Run the World
  • 12 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 4 hours What to tell my students
  • 9 hours A legitimate Request: France Wants Progress In Ukraine Before Russia Returns To G7
  • 23 hours Recession Jitters Are Rising. Is There Reason To Worry?
  • 19 hours With Global Warming Greenland is Prime Real Estate
  • 17 hours China Threatens to Withhold Rare Earth Metals
  • 1 day TRUMP'S FORMER 'CHRISTIAN LIAISON' SAYS DEEPWATER HORIZON DISASTER WAS GOD'S PUNISHMENT FOR OBAMA ISRAEL DIVISION
  • 1 day Maybe 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on funding terrorism, wars, suppressing dissidents, building nukes * Too late now
  • 1 day CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
Tanker Turmoil And Drone Attacks Barely Move Oil

Tanker Turmoil And Drone Attacks Barely Move Oil

This weekend’s drone attacks on…

Electric Vehicles Will Win Big In A Recession

Electric Vehicles Will Win Big In A Recession

As the global automobile industry…

Iran Says It Exports First Condensate From New South Pars Phase

Iran offshore

Iran has delivered for export the first shipment from a new development phase of the giant gas field South Pars, including 300,000 barrels of condensate, Iranian media report, quoting the operator of the South Pars phase 13 project.

The delivery of the cargo for export was made last week, before Iran’s President Hassan Rouhani officially inaugurated four new phases of development at South Pars.

This past weekend, Rouhani officially launched four new development phases at the giant South Pars offshore gas field, which will add 110 million cubic meters to the daily output of the field. The expansion costs US$11 billion, Reuters reports.

Last week, Iran’s Oil Minister Bijan Zanganeh said that South Pars would produce from 27 phases of development within a year.  

After the U.S. sanctions on its oil industry returned and forced international companies to withdraw from doing business with Iran, the Islamic Republic is now developing various phases at the South Pars by itself and claims that it is doing a good job despite the U.S. sanctions.  

France’s supermajor Total had signed a deal to take part in the development of phase 11 of South Pars. But after the U.S. withdrawal from the Iran nuclear deal, Total said in May last year that it would not be in a position to continue the South Pars 11 gas project and would have to unwind all related operations before November 4, 2018, unless it was granted a specific project waiver—which it was not.

Iran, for its part, claims that its progress in energy continues despite the U.S. sanctions. At the launch of the new phases at South Pars, Rouhani said that “all the major projects, including the largest gas condensate refinery,” were brought on line, Iranian media report.

“Americans did not want us to inaugurate any important projects during the current year, but we made all projects operational on schedule,” Rouhani said, according to Fars news agency.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Jim Miceli on March 22 2019 said:
    That's nice. Also , what recession ? I think this is a maneuver and won't work to anyone's advantage. Manipulators do not make good witnesses. Fools Gold. Bounce the Markets.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play