AI
CT, here is the pipeline proposal that I found interesting.
Not only will our major non-NATO ally, Pakistan, get a stake in Iran’s South Pars gas field, Islamabad is set to earn an estimated $600 million annually from transit fees alone if the pipeline is built through its territory. The project could give a tremendous boost to the economies of both India and Pakistan. This proposed pipeline is not yet on the map. Iran is also offering LNG to India in another deal. Strategic move on Iran’s part, they may have bought themselves some more powerful allies.
India> Tehran may give stake in South Pars gas field to Pak
Dubai, June 9 Teheran may give equity stake in its gigantic South Pars gas field to India and Pakistan if Islamabad give international security guarantees to the proposed gas pipeline from Iran via Pakistan to India.
The 3,700-square km gas field, which is an extension of the Qatar north dome gas field, is located 105-km southwest of the Asaluyeh port in the Persian Gulf.
It has an estimated 14 trillion standard cubic metres of in-place gas reserves and 18 billion barrels of condensate in multiple strata.
The National Iranian Oil Company (NIOC) has decided to develop the Field in phases to secure the increasing internal demand for natural gas.
A report in the Tehran Times has said that Iran is also planning to use it for re-injection in its oil fields and export.
Islamabad says it has no objection to the multi-billion pipeline, with President General Pervez Musharraf assuring that Pakistan would guarantee 100 per cent security to the project.
The project could give a tremendous boost to the economies of India and Pakistan with Islamabad set to earn an estimated $600 million annually from transit fee alone if the pipeline is built through its territory.
Reliance Industries Ltd (RIL) has shown interest in the project in partnership with the Gas Authority of India Limited.
BHP of Australia is said to have conducted a 'desktop' study on the onland option from Iran to Pakistan, pending an extension to India after government-to-government discussions between New Delhi and Islamabad.
http://www.webindia123.com/news/m_details.asp?newscode=56451&catcode=ENG3&subcatcode=
OVL may take stake in Iran oil fields
Thursday, 10 June , 2004, 13:16
Flagship overseas firm ONGC Videsh Ltd is likely to get a 20 per cent stake in Khusk and Hosseineieh oil fields in Iran on nomination basis.
Sources in the Ministry of Petroleum and Natural Gas said Iran has offered 20 per cent share (equal to 60,000 barrels per day or 3 million tonnes of crude oil annually) in Khusk and Hosseineieh fields in exchange for India buying 5 million tonnes of LNG from Tehran.
OVL would be accommodated after Tehran selects operators of the two fields through a bidding round by September-end. OVL would have to participate in the bidding process.
Initially, Iran was keen on getting OVL on board the giant South Azadegan oil field but operator Japan has yet to approve any participation of another party in the field.
"National Iranian Oil Co could also consider offering 25 per cent from its share in the field (about 60,000 barrels per day) to OVL," they said. As per indications, the Japanese prefer participation from one of the major oil multinationals in the project.
As regards finalization of term sheet for LNG imports, an Iranian delegation will visit India this month for further discussions. The term sheet is being finalised by Indian Oil Corp and GAIL (India) with National Iranian Gas Export Co.
Till now, there had not been much progress in allocation of a suitable oil field by Iranians to India on nomination in lieu of LNG that the latter will purchase from Iran under a deal signed early last year.
http://sify.com/finance/equity/fullstory.php?id=13494953
Not only will our major non-NATO ally, Pakistan, get a stake in Iran’s South Pars gas field, Islamabad is set to earn an estimated $600 million annually from transit fees alone if the pipeline is built through its territory. The project could give a tremendous boost to the economies of both India and Pakistan. This proposed pipeline is not yet on the map. Iran is also offering LNG to India in another deal. Strategic move on Iran’s part, they may have bought themselves some more powerful allies.
India> Tehran may give stake in South Pars gas field to Pak
Dubai, June 9 Teheran may give equity stake in its gigantic South Pars gas field to India and Pakistan if Islamabad give international security guarantees to the proposed gas pipeline from Iran via Pakistan to India.
The 3,700-square km gas field, which is an extension of the Qatar north dome gas field, is located 105-km southwest of the Asaluyeh port in the Persian Gulf.
It has an estimated 14 trillion standard cubic metres of in-place gas reserves and 18 billion barrels of condensate in multiple strata.
The National Iranian Oil Company (NIOC) has decided to develop the Field in phases to secure the increasing internal demand for natural gas.
A report in the Tehran Times has said that Iran is also planning to use it for re-injection in its oil fields and export.
Islamabad says it has no objection to the multi-billion pipeline, with President General Pervez Musharraf assuring that Pakistan would guarantee 100 per cent security to the project.
The project could give a tremendous boost to the economies of India and Pakistan with Islamabad set to earn an estimated $600 million annually from transit fee alone if the pipeline is built through its territory.
Reliance Industries Ltd (RIL) has shown interest in the project in partnership with the Gas Authority of India Limited.
BHP of Australia is said to have conducted a 'desktop' study on the onland option from Iran to Pakistan, pending an extension to India after government-to-government discussions between New Delhi and Islamabad.
http://www.webindia123.com/news/m_details.asp?newscode=56451&catcode=ENG3&subcatcode=
OVL may take stake in Iran oil fields
Thursday, 10 June , 2004, 13:16
Flagship overseas firm ONGC Videsh Ltd is likely to get a 20 per cent stake in Khusk and Hosseineieh oil fields in Iran on nomination basis.
Sources in the Ministry of Petroleum and Natural Gas said Iran has offered 20 per cent share (equal to 60,000 barrels per day or 3 million tonnes of crude oil annually) in Khusk and Hosseineieh fields in exchange for India buying 5 million tonnes of LNG from Tehran.
OVL would be accommodated after Tehran selects operators of the two fields through a bidding round by September-end. OVL would have to participate in the bidding process.
Initially, Iran was keen on getting OVL on board the giant South Azadegan oil field but operator Japan has yet to approve any participation of another party in the field.
"National Iranian Oil Co could also consider offering 25 per cent from its share in the field (about 60,000 barrels per day) to OVL," they said. As per indications, the Japanese prefer participation from one of the major oil multinationals in the project.
As regards finalization of term sheet for LNG imports, an Iranian delegation will visit India this month for further discussions. The term sheet is being finalised by Indian Oil Corp and GAIL (India) with National Iranian Gas Export Co.
Till now, there had not been much progress in allocation of a suitable oil field by Iranians to India on nomination in lieu of LNG that the latter will purchase from Iran under a deal signed early last year.
http://sify.com/finance/equity/fullstory.php?id=13494953
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