by Daniel J. Graeber
Washington (UPI) Aug 2, 2017
Iran is becoming less dependent on its neighbors for natural gas with the launch of a pipeline to the northern provinces, the government said.
Iranian Energy Minister Bijan Zangeneh was on hand for a ceremony for the launch of the Damghan-Neka natural gas pipeline for the customers in the isolated north of the country, the energy ministry's news website SHANA reported.
"Construction of the project began 10 years ago but gained much momentum after Turkmenistan reneged on its promise to supply gas to Iran last winter demanding extra charges for its gas to Iran," the report read. "The much-awaited gas pipeline is going to guarantee the steady supply of natural gas to the regions that experienced harsh winters in the past."
Disputes over payment issues in January prompted Turkmenistan to stop sending gas to its southern neighbor. The terrain in northern Iran makes it difficult to distribute natural gas and other power supplies. Azerbaijan sells natural gas to the northern provinces of Iran in exchange for electricity.
The pipeline runs from the Semnan province to Mazandaran province on the coast of the Caspian Sea. It's part of a broader network meant to distribute gas from the South Pars field in the Persian Gulf to the Iranian market.
For oil, the energy minister announced a deal was reached with his Iraqi counterpart, Jabbar al-Luabi, to conduct a feasibility study for a cross-border export pipeline from oil fields in the northern Iraqi city of Kirkuk. According to Iranian broadcaster Press TV, the pipeline could offer Iraq an alternative to oil exports from the semiautonomous Kurdistan Regional Government.
A referendum for Kurdish independence from Iraq is set for Sept. 25. A spokesperson for the Kurdish government, Safeen Dizayee, told a delegation in London last month the referendum would correct past mistakes from Baghdad, including budgetary issues related to oil and entitlements for some of the Kurdish fighters supporting broader counter-terrorism efforts.
Oil leaves the Kurdish region from a pipeline to a Turkish port at Ceyhan.
Iran has long-standing ambitions of tapping into the surrounding market. As one of the world's leading oil and gas producers, Tehran said it could offer the European economy an alternative to Russian supplies.
Washington (UPI) Aug 1, 2017
Production from British supermajor BP edged higher, though income was lower and the company's CEO said he was positioning the company for a new market climate. "We delivered strong operational performance in the first half of 2017 and have considerable strategic momentum coming into the rest of the year and 2018, with rising production from our new upstream projects and marketing growth ... read more
All About Oil and Gas News at OilGasDaily.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|