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Achieving an herbal fuel production of one billion cubic meters consistent with the day (bcm/d) has been one of the 3 most sensible methods of hydrocarbon resources in Iran since the Islamic Republic began seriously raising the unwavering subconsistent with South Pars’ giant herbal fuel box in 1990.along with the generation of 5.7 million barrels consistent with the day (b/d) of oil and the emergence of a world-class petrochemical sector.Over the following week, Iran has announced a number of projects to increase South Pars fuel production in order to particularly exceed this figure of 1 Gm/d as temporarily as you can imagine with the accumulated corollary in export earnings.
With around 14.2 trillion cubic meters (tcm) of fuel reserves in place plus 18 billion barrels of fuel condensate, South Pars already accounts for about 40% of Iran’s estimated 33.8 tons of fuel in overall and about 60% of its fuel production. This is expected to be a quick push, with one last week from Pars Oil and Gas Company (POGC) Phase Thirteen Director Payam Motamed that this South Pars phase has just completed the popular commissioning stages and the start of rich fuel recovery. from its third platform (“thirteenC”). After the opening of the thirteen wells and the lighting of its torch, after the stabilization of the production process, 11.4 mcm of fuel destined for the onshore refinery of phase thirteen first arrived from the platform on August 21, said. He added that the satellite platform thirteenC is connected to the main platform thirteenA through an 18-inch pipeline and, in turn, the fuel from the services of platform thirteen is sent to the refinery of phase thirteen. to Kangan through a pipe that extends 32 inches. more than a hundred kilometers.
At the same time, according to a comment just over a week ago through POGC’s Deputy Phase 19 Director Seyed Hossein Azimi, a single-point mooring load formula (PMS) with a capacity of 7,000 square meters consistent with assaluyeh’s newly arrived cargo capacity time, this would increase the load capacity of the field’s fuel condensates.This PMS will be consistent with the handling of liquid shipments, such as petroleum products, for tankers.”There will be a few more installed in the south, in the Gulf of Oman, in the coming months, because they are very useful in spaces where a facility committed to loading or unloading liquid shipments is not available,” he told OilPrice.com a high-level source working heavily with Iran’s Ministry of Petroleum.These PMSs will be several kilometers from the ground facilities, connected to them through a series of underwater pipes, and able to manage the largest VLCCs.
Related: Oil value stagnates as U.S. fuel calls for falls
Given the recent recovery in Iranian fuel exports to Turkey after the March 31 close, Zanganeh noted that despite some contrary forecasts courtesy of a recent Turkish fuel discovery, the call for Turkey’s fuel outlook will continue. being significant in the foreseeable future. . “What has been announced is that this reserve comprises 320 billion cubic meters of fuel, but if the 320 billion cubic meters of fuel are in place, its extractable fuel will be around 220 to 230 billion meters. cubic and if that number is divided between 20 years and 20 years during 365 days, then 30 to 35 mcm of fuel will be produced according to the day of the reservation ”, he said. “If those figures are correct, 30 million cubic meters of fuel can be produced per day, which is still vital for Turkey; However, according to the data we have, Turkey’s daily fuel demand is 130 million. cubic meters, which are basically imported into the balance. 2.5 to 1 from Russia and Iran, and a small amount from the Republic of Azerbaijan, ”he stressed.
The Chinese Zanganeh discussed little, however, it should be remembered that just after the implementation of the Joint Comprehensive Plan of Action (JCPOA) on January 16, 2016, the National Petroleum Company of Iran (NIOC), through its deputy director of matters for the market and exploitation of crude oil, Safar-Ali Karamati – said that Iran plans to double its production of LPG after the sanctions. Iran, already one of the largest and most reliable LPG suppliers in the world at the time, had lost almost nothing from its LPG market according to the percentage beyond US sanctions. nuclear and then it was generating around 8 million tons of LPG according to the year. Array Karamati added at the time that when all of the South Pars stages were fully online, Iran would see at least a doubling of that LPG production figure, consistent with a commitment to capture at least 40% of the fuel market. LPG exports to the Middle East. Despite U.S. sanctions, China was cautiously loading part of a million tons of LPG from Iran each month in the first quarter of this year, prior to the COVID-19 outbreak, generating at least two hundred million of dollars a month in revenue for Iran. of this product alone. In fact, if the afterlife is any guide, the more consistent with the industry war, the higher for LPG exports from Iran to China. Before China imposed price lists on LPG from the US, it got about 20% of its total imports from the US After the price lists were imposed, Chinese buyers basically turned to Iran to offset the difference, so that last year China accounted for at least 80%. of all LPG exports from Iran.
By Simon Watkins for Oilprice.com
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