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Iran-Iraq-Syria Gas Pipeline Project Agreement Finalized

Fars News Agency | February 20, 2013

TEHRAN – Implementation of the Friendship Gas Pipeline project which is due to take Iran’s rich gas reserves to Iraq and Syria was agreed by the Iraqi government, an Iraqi cabinet statement announced.

A Tuesday Iraqi cabinet statement said that Iraq’s Minister for Petroleum Abdel Kareem Luaibi had been authorized to sign the “framework of the agreement” on setting up the strategic pipeline that would also prepare the ground for exporting Iranian gas to Europe through Syria in the future.

The statement added that Luaibi had recently held talks with his Iranian counterpart Rostam Qassemi and Managing Director of the National Iranian Oil Company (NIOC) Ahmad Qalebani in Tehran regarding the issue.

Late in January, Iranian Oil Ministry Spokesman Alireza Nikzad Rahbar said the country will start exporting natural gas to Baghdad by next summer via an under-construction pipeline between the two countries.

He said that the “friendship” pipeline project between Iran, Iraq and Syria is the most important project currently pursued by the ministry.

The official said if the project is carried out according to schedule, the gas pipeline between Iran and Iraq will be completed next summer, adding that tripartite talks are underway to extend the pipeline to Syria.

He noted that the pipeline would be designed in such a way that it would be able to deliver gas to other Muslim countries like Jordan and Lebanon in the future.

The oil ministers of Iraq, Iran and Syria had signed a preliminary agreement for a $10 billion natural-gas-pipeline deal on July 25, 2011, in Assalouyeh industrial region located in the Southern province of Bushehr.

Iranian oil officials then said Syria would purchase between 20 million to 25 million cubic meters a day of Iranian gas while Iraq had also already signed a deal with Tehran to purchase up to 25 million cubic meters a day to feed its power stations.

The main project, 1,500 km length of piping Assalouyeh gas to Damascus requires $10 billion investment.

The pipeline will transfer a capacity of 110 million cubic meters of natural gas a day to Damascus.

The gas will be produced from the Iranian South Pars gas field in the Persian Gulf, which Iran shares with Qatar, and holds estimated reserves of 16 trillion cubic meters of recoverable gas.

Iranian officials have said that Tehran also aims to extend the pipeline to Lebanon and the Mediterranean to supply gas to Europe.

February 20, 2013 Posted by | Economics | , , , , , | Leave a comment

Iran discovers massive gas hydrate reserve in Sea of Oman

Press TV – December 18, 2012

Iran’s Research Institute of the Petroleum Industry (RIPI) says it has discovered giant gas hydrate reserves in the country’s territorial waters in the Sea of Oman.

“Based on the latest surveys conducted in the Sea of Oman… we have discovered gas hydrate reserves equaling the country’s total conventional oil and gas reserves,” RIPI project manager for exploration of hydrate gas reserves in Sea of Oman, Naser Keshavarz, said on Monday.

Keshavarz underlined the importance of using gas hydrate as replacement to fossil fuels, saying “After exploitation, every cubic meter of gas hydrate will produce heat equal to 164 cubic meters of gas.”

Gas hydrate is a crystalline water-based solid physically resembling ice, in which small non-polar molecules (typically gases) or polar molecules with large hydrophobic moieties are trapped inside ‘cages’ of hydrogen-bonded water molecules.

Iran, which sits on the world’s second largest natural gas reserves after Russia, has been trying to enhance its gas production by increasing foreign and domestic investments, especially in its South Pars Gas Field.

The South Pars Gas Field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran’s territorial waters in the Persian Gulf. The remaining 6,000 square kilometers, i.e. the North Dome, are in Qatar’s territorial waters.

December 18, 2012 Posted by | Malthusian Ideology, Phony Scarcity | , , | 1 Comment

   

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