Project for early production from Azadegan field ready

Managing Director of National South Oil Regions Company Seyfollah Jashnsaz said here Wednesday that the first phase of the project for early production from giant Azadegan oil field, 62 kms west of Ahvaz, is ready for operation.

Jashnsaz told IRNA that the phase will be operational in the presence of oil minister on February 9 with a daily output of 25,000 bpd crude.

He said the project has been implemented fully by Iranian experts.
He added that six wells have been in operation and 350 kms of pipelines --in different sizes-- have been laid down for operation of the phase.

The official said the project has been handled fully by Iranian experts as the Japanese company, INPEX, declined to invest in the huge project under the US pressure.
The Japanese party's share in the project hence decreased to 10 percent from 90 percent, he added.

The official said operation of the project is a manifestation of the expertise of Iranian technicians and engineers.

Azadegan oil field is estimated to contain 33 billion barrels of crude.

ISNA

Iran supplies 13 percent of China's crude oil

Iran's Ambassador to Beijing Javad Mansouri said on Tuesday that Iran supplies 13 percent of China's crude oil.

Mansouri made the remarks during a visit to the offices of the economic weekly 'China Times' on Tuesday.

Speaking to the Weekly staffers, he said the current level of economic cooperation between Iran and China is satisfactory and Iran is among the energy suppliers of China.

According to the latest statistics, the volume of trade exchanges between Iran and China exceeded dlrs 20 billion in 2007 and there are huge untapped economic grounds which should be further explored.

Iran attaches importance to expansion of ties with the East, he said adding that Iran and China are to broaden and bolster mutual economic and political cooperation at the international level.

Given the impact of Islamic Revolution in regional and international developments, he said it is crystal clear for all countries that the Islamic Republic of Iran has high spiritual and political influence in the region.

Turning to cultural exchanges between the two nations, he said despite of difference in language, the two nations have deep-rooted cultural ties.

Referring to political and economic pressures exerted by the United States of America against Iran, he said the US is on a downward slope quoting the late Chinese leader Mao Zedong who likened the US to a paper tiger.

IRNA

Iran, Malaysia sign gas contract

Iran and Malaysia have struck a 1.2-billion-euro deal to build natural gas liquids (NGL) facilities on Iran's southern Kharg Island.

A consortium of Malaysian companies signed the agreement under finance mode with the National Iranian Offshore Oil Company, the owner of the project, in the Malaysian capital, Kuala Lumpur.

The project would gather 600 million cubic feet of the associated gas from Abouzar, Bahregansar, Doroud, Forouzan, Kharg and Soroush fields per day. As the US is exerting pressures on European firms to cut back business with Iran, Asian companies are keen on investing in the resource-rich Middle Eastern country, sitting on the world's largest gas reserves after Russia.

The two Muslim nations signed a 16-billion-dollar deal in late December to develop Iranian gas fields and build liquefied natural gas plants there. MK/RE

About Ahwaz oil and gas news

Ahwaz has %15-20 of the world reserves oil and it is occupied by the Persian. Up to %90 of Iranian revenue coming from selling oil of Ahwaz. Ahwazi people are poor and not benefited at all from these resources in their land. We try to keep record of discovery, sell, environment catastrophic and other related subject to oil of Ahwaz.