Iran inaugurates 560 mile leg of gas pipeline

The Iranian government has announced that the first phase of the $75 million pipeline intended to deliver natural gas to Pakistan was inaugurated on Monday 24th August.

Iran's First Vice President, Mohammad-Reza Rahimi, attended an official ceremony marking the completion of a 560-mile leg of a pipeline from gas facilities in Asalouyeh to the Pakistani border.

The deal between Tehran and Islamabad was finalised in June, stipulating the delivery of 750 million c/f of natural gas through the pipeline from the South Pars gas complex in the Persian Gulf. Iran said that if the pipeline reaches India as initially planned, Bangladesh could link to the gas line from there.

Source: UPI

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Iran to spend $2.2 billion on gas projects

Iranian deputy oil minister, Alireza Zeighami ,has said that the government has allocated $2.2 billion for seven gas production and refinery renovations. Presently, all seven projects are 70 per cent in the completion stage, and are expected to be finished in the near future.

“Once the projects come on stream, 12 million lt of gasoline would be added to the country's production capacity and 70 per cent of the nation's demand to the product will be met,” said Zeighami.

“Two billion dollars of the mentioned amount will be allocated to Tehran, Abadan, Esfahan, Tabriz, Bandar Abbas, Imam Khomeini and Lavan gasoline production refineries,” he said.

"The rest $200 million will be spent specially to speed up the completion of underway plans," added the deputy oil minister.

Source: Tehran Times

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Iran signs $1.29 billion gas pipeline deal with Turkey

Iran and Turkey has signed a $1.29 billion deal to build a pipeline that will facilitate the transfer of Iran’s natural gas to Turkey. The deal, presided over by Iranian oil minister, Masoud Mirkazemi and Turkish energy and natural resources minister Taner Yildiz, was signed by National Iranian Gas Company’s managing director, Javad Owji, and Turkey's BOTAS Petroleum Pipeline Corporation Managing Director Fazil Senel.

According to the agreement, the Turkish side will secure 77 per cent of the required funds to complete the 660km pipeline. It is the 4th section of Iran’s 6th cross-country pipeline extending from southwest Assalouyeh to Bazargan border in the northwest.

In October last year, during Turkish prime minister Recep Tayyip Erdogan's visit to Tehran, the two countries signed an MoU on oil and gas co-operation, particularly Iran’s gas transfer to European markets through Turkey. At present Iran exports 25 million m³ of natural gas to Turkey per day, the figure is expected to increase to round 30 million m³ a day by the end of next year.

Source: Tehran Times

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