Posted on 07/04/2009 5:09:01 AM PDT by Son House
Iran has unveiled plans to invest around $75 billion in its two major gas fields by 2015 to exploit their huge undeveloped reserves.
Managing Director of the National Iranian Oil Company (NIOC) Seyfollah Jashnsaz said that the country would finance a $40 billion investment in the South Pars gas field in a five-year plan to produce some 28 billion cubic meters of gas annually from the field.
Iran and Qatar share the largest gas field in the world in the Persian Gulf, where the Iranian part is divided into 24 phases.
Jashnsaz also noted that a $25-billion investment is planned for the development of North Pars field for oil and liquefied natural gas (LNG) exploitation.
"Given that it is one of the most complicated natural gas fields, we plan to invest $25 billion on this project," he explained.
Jashnsaz, however, did not say how Tehran would finance the investments.
In May, Iran announced plans to issue $12.3 billion worth of bonds over the next three years to help finance South Pars.
Iran sits on the world's second-biggest gas reserves after Russia.
The comments at the bottom are a gas;
Paki
Sat, 04 Jul 2009 09:13:35 GMT
Move ahead fullthrotle..Up the US & EU. NEVER BUY THINGS FROM WEST.
KongLong
Sat, 04 Jul 2009 08:35:18 GMT
I found out a bit of interesting information in Sichuan, China. A city called Zigong was the first place to use natural gas to heat water to make steam to extract salt from the inland area. It was also the location that percussion drilling was invented. The date of invention would amaze most in the West.
Finckle
Sat, 04 Jul 2009 08:27:16 GMT
Remember dont employ Western staff, only as a last resort. Lots of muslim countries and eastern countries have know how depend on yourselves first. IMPLEMENT BUY BRITISH LAST .NEVER BUY FRENCH AS EVEN A LAST RESORT.
way to go!
Sat, 04 Jul 2009 07:28:15 GMT
don.t let the US and EU suckers to slow you down...move ahead...full throttle
At first glance at the title, I thought that maybe Taco Bell was expanding into Iran.
Wait a minute! Iran has said many times that they are going nuclear just for “energy producing” reasons. This gas investments move proves that Iran has other reasons for all of their existing and possible future nuclear facilities (unless they are eventually destroyed).
Agree, Iran has enough natural gas to fuel its economy for generations, plus oil to sell to get money for development. The need for nuclear power is nil, it’s for weapons to intimidate the west and to scorch Israel. If the west lets Iran get its bomb, our security is at risk as Iran may let terrorists slip one into the USA.
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