- Iranians holding Ashura mourning for Imam Hussein
- Third step: Iran officially informs EU of plan to expand nuclear R&D
- Iran expands nuclear R&D program: Rouhani
- Iran goes ahead in space tech, despite US sanctions: ISA
- Resistance Front undermining Israeli regime power: Top commander
- Iran: 7 crew members of detained UK ship freed
- US addiction to sanction threaten its power: Iran’s Zarif
- Dutch role in 2007 Stuxnet attack on Iran’s nuclear site under scrutiny: Iraian FM Spox.
- Iran: ‘Sustainable Security 2019’ kicks off in Caspian Sea
- Iran’s Zarif leaves Tehran for Moscow
- Shiraz University ranked 1st in liver transplantation: Iranian health official
- Japan’s Abe to meet Iran’s president to discuss easing tension in region
- Downing of US spy drone shattered war threats against Iran: Top IRGC commander
- IAEO head reports development of first ion-therapy hospital in west of Asia
- Iranian Taekwondo team wins 2019 World Cup championship
- US sanctions failed to force Iran to buckle: Report
- Crew fixing Iran oil tanker broken down in Red Sea
- As Iranians hold nerves, US seeks to scare off trade
- Leader expresses concern about Kashmir, urges India to follow fair policy toward Muslim-majority region
- Iran saffron exports down due to smuggling, government restrictions: Exporter
- Iran FM warns US against ‘serious miscalculation’ in Persian Gulf
- Iran’s resistance policy led to release of oil tanker: MP
- Iran in reverse brain drain as top students come home in rising numbers
- Iran official calls for compensation for tanker seizure
- Iran hails N Korea for standing against ‘unilateral’ US demands
- Shia Muslims celebrate Eid Al-Ghadir
- North Korea praises Iran’s anti-US struggle
- Zarif says to meet French president Friday
- Iranian court hearing case of UK oil tanker
- Over half of Japanese voters oppose joining US-led anti-Iran coalition in Persian Gulf: Poll
- IME trade ups by 21 percent in July
- Finland backs INSTEX in defiance of US
- US anti-Iran policy in high seas harms Europeans: LA Times
- Iran, China confer on Syria
- Iran, Finland share views on Persian Gulf dialogue forum: Zarif
- Iran warns US against seizure of oil tanker
- Iraq eager to benefit from Iranian Police’s experience
- Iran planning 3rd step to reduce nuclear commitments: Spokesman
- Leader grants clemency to over 1,000 Iranian inmates
- Registration for Arbaeen Pilgrimage to begin in Iran on Friday
- Iran, Iraq agree to reopen Khosravi border crossing
- Iran deplores suicide attack at Kabul wedding hall
- Iran to hold int'l hand-woven carpets expo
- Zarif meets with Iran-Kuwait Friendship Group members
- Adrian Darya oil tanker not under any sanctions, says Iran envoy
- ‘Iran to stay in nuclear deal as long as its interests are met’
- India envoy happy with positive trend of trade with Iran
- Iran’s annual export of white meat tops 2.5m tons: Minister
- Iranian scientist discovers new state of matter
- Iran, Japan diplomats discuss bilateral ties
- Iran, Ansarullah, European representatives Yemen developments
- ‘Iran to become self-sufficient in producing aircraft engines'
- US issues seizure warrant for Iranian supertanker 'Grace 1'
- Neanderthal tooth unearthed near Iran’s Zagros mountain
- Iran’s Zarif due in Kuwait on Saturday
- US faces humiliating defeat after Gibraltar releases Iranian tanker: Envoy
- Spokesman rejects claim on Iran’s commitment in exchange for tanker release
- Zarif reacts to release of Iranian tanker in Gibraltar
- Israel, UAE engaged in secret talks on Iran arranged by US: Report
- US threatens visa ban as Iranian-operated tanker sets to sail from Gibraltar
- Enemies must factor Iran's global power in their calculations: IRGC's chief commander
- Trump’s administration conflicting messages to Iran baffle go-betweens: Report
- Gibraltar releases Iran-operated tanker despite US pressure
TEHRAN, September 17 - State-run Korea Gas Corp (KOGAS), the world’s second-largest single buyer of liquefied natural gas (LNG), said it plans to import natural gas from Iran as well as explore opportunities to acquire gas field stakes in the country.
TEHRAN, Young Journalists Club (YJC) - A KOGAS official said the company was looking to diversify its import sources as supply contracts with Qatar and Oman were set to expire by 2015.
“Iran is rich in natural gas so we would like to work closely with both public and private energy companies there,” the official was quoted by Korea Times as saying.
In May 2016, Iran awarded a deal to carry out technical studies on the offshore Balal gas field in the Persian Gulf to KOGAS.
An Iranian official said in June this year that the country was working on a plan to develop small-size gas liquefaction units with South Korean companies, including KOGAS.
Saeed Pakseresht, director for research and development affairs of the National Iranian Gas Company (NIGC), was quoted saying that a consortium from Iran and another from South Korea, including Oceanus and KOGAS, would be involved in the scheme.
"We do not have the technology to develop mini-LNG plants, but joining hands with companies like the Oceanus consortium and KOGAS is an important first step to develop our LNG sector," he said.
Korean companies are also expanding their involvement in Iran’s massive oil sector. Last month, South Korea’s SK Engineering and Construction Co (SKEC) signed a heads of agreement for a 1.6 billion euro upgrade of Tabriz refinery.
A separate $2 billion contract is about to be signed with South Korea’s Daelim company to boost oil processing capacity at Isfahan refinery, according to Abbas Kazemi, who is Iran's deputy petroleum minister.
South Korea’s imports of Iranian crude oil increased 40.2 percent in August from the same month a year earlier, Reuters reported on Friday, citing customs data.
The Asian country is a major client of Iran’s condensate, an ultra-light high quality oil. According to the Reuters report, South Korea imported 12.22 million tonnes, or 368,529 bpd, of oil from Iran in the first eight months of 2017, up 46.7 percent from 8.33 million tonnes during the same period the year before.
Shell eyes Azadegan field
Royal Dutch Shell says it prepares to bid for Iran’s development of giant Azadegan field after putting an end to a century of oil production in neighboring Iraq.
Shell has submitted the results of its feasibility studies on South Azadegan and Yadavaran fields to the National Iranian Oil Company (NIOC), the Ministry of Petroleum’s Shana news agency reported.
Both fields lie across the Iraqi border in Iran's strategic West Karoun oil cluster. Shell signed a basic agreement with NIOC in December 2016 to study the investment potentials in South Azadegan and Yadavaran as well as Kish gas field, Presstv reported.
South Azadegan, discovered in 2001, has recoverable reserves of about 2 billion barrels. It is believed to be connected with Iraq’s Majnoon field from which Shell has decided to withdraw.
The decision announced by Shell on Wednesday came after long-running talks on a planned output expansion from current levels of 220,000 barrels per day appeared to founder.
The Anglo-Dutch firm said it had agreed with Iraq’s oil ministry to relinquish operations at Majnoon field to the government after unfavorable changes to fiscal terms.
Shell is also selling its 20 percent stake in West Qurna 1 oil field in southern Iraq which is operated by Exxon Mobil.
Your Comment