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Iran To Buy Gas Field From Azerbaijan

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  • Iran To Buy Gas Field From Azerbaijan

    IRAN TO BUY GAS FIELD FROM AZERBAIJAN

    Jomhuri-Ye Eslami
    Aug 4 2008
    Iran

    Tehran, 2 Aug: During some discussions with Azerbaijan, the oil
    minister [Gholamhoseyn Nowzari] said that we have announced our
    readiness to buy a section of Shah Deniz field's natural gas. He said:
    A while ago, during a meeting that was held in the Oil and Gas Company
    of the Republic of Azerbaijan, some discussions were made regarding the
    second phase of Shah Deniz gas field. These discussions will continue.

    He added: It seems that we may have a chance to compete with other
    companies, because of Iran's closeness to the Republic of Azerbaijan
    and the lower costs of natural gas transfer.

    According to his remarks, based on a scheduled plan, the development
    of the second phase of Shah Deniz gas field will be operational after
    four years, and by then it would be possible for us to buy gas.

    Emphasizing that in currently the gas swap is made from the Republic
    of Azerbaijan to the Republic of Naxcivan, the oil minister said:
    One million cubic meters of natural gas, enters Iran from Azerbaijan
    on a daily basis and based on Armenia's need, 600-700 thousand cubic
    meters are transferred to this republic.

    Referring to the Oil Ministry's charter, Nowzari reminded: The
    works in the Oil Ministry have been finalized and presented to the
    Cabinet. However the changes which have been made in the Oil Ministry
    have not been finalized in the Cabinet yet. According to a report
    by ISNA, referring to the fact that by using the gas of phase 7 of
    the South Pars we would provide the gas for either phase 9 or 10 in
    the refinery.

    He said: At the moment, the drilling operation for wells conducted
    by the National Drilling Company has been completed on the said
    platform. Some final details related to the digging operations have
    remained for completion. This is the job of digging contractors and
    is not related to the National Drilling Company.

    Referring to the development and completion of the operations of
    Dorud Field [name as published], by Total [company] he merely said
    that the Iranian Offshore Oil Company, instead of Total, is taking
    over the installations of this field.
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