Iran seeking joint gas initiatives

Qatar and Iran expect to draft a master plan to develop gas co-operation initiatives, according to Iran’s petroleum minister Masoud Mirkazemi.

Offshore staff

TEHRAN -- Qatar and Iran expect to draft a master plan to develop gas co-operation initiatives, according to Iran’s petroleum minister Masoud Mirkazemi.

Energy delegations from the two countries have discussed regional issues including natural gas and LNG prices, the minister was quoted as saying on a report by Iran’s Petroenergy Information Network, Shana. Both countries have huge offshore gas reserves either side of the median line between them in the Persian Gulf.

Iranian officials attending the meeting in Tehran included the managing directors of Pars Oil and Gas Co., National Iranian Gas Exporting Co., and the Offshore Oil Co.

Earlier this week, NIOC’s MD, Saifollah Jashnsaz, is quoted by Shana as saying his company needs to invest $24-30 billion/yr to achieve its goals over the next 20 years. His priorities included further development of the South Pars offshore field, but he also alluded to 12 other fields that Iran owns jointly with Kuwait, Saudi Arabia, and UAE which he said required special development attention.

02/24/2010

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