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ational Iranian Gas Company Managing Director, SeyedReza Kasaii-Zadeh, said Gaskhodro Co. is planning to hold a tender for the provision of the equipments of 800 CNG (compressed natural gas) stations in near future.Kassaii-Zadeh added aiming at developing CNG stations nationwide, Gaskhodro Co. has put two domestic and international tenders on its agenda.

NIGC Announces CNG Equipments Provision Tender

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The Weekly Publication of the Iranian Petroleum Industry No. 387, New Edition March 9 , 2008

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he contract for the development of the Farsi field will be finalized within next months, according to Mahomood Zirakchianzadeh, Iran Offshore Oil Co. Managing Director. "The feasibility and financial studies for said field were approved and finalized by India through the ONGC Co. yesterday. The development of the field will be carried out in two phases." Zirakchianzadeh also announced finalization of technical and financial aspects of the Lavan field by a Polish company and the start of work on this development within the next two months. The contract is to be signed in April. "There are now special logistic support requirements including the workforce factor," he continued. "The number of Productive fields in the area is now 500 and there is water injection into 100 of the wells. 17 are in the production stage and 8 have production capacity of 1,240,000 barrels per day. Next year will see greater growth of this."

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Farsi Field Development to be Ended by Mid 2008

Iran, ONGC Finalizing Persian Gulf Field Proposal

ran's state offshore company and India's Oil and Natural Gas Corp. have finalized a financial proposal for developing a gas and oil field in the Persian Gulf. Mahmoud Zirakchianzadeh, managing director of the Iranian company, said the two sides had completed negotiations about the Farsi field in Tehran. "In our negotiations ... their financial proposal about the development on Farsi field was received and finalized," he was quoted as saying. ONGC will now begin technical studies of the project, which

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is planned to take place in two phases with an expected yield of 500 million cubic feet of natural gas per day from each phase. The Farsi block is already operated by ONGC Videsh, the overseas arm of ONGC, along with India's top refiner Indian Oil Corp. Ltd. and smaller explorer Oil India Ltd. In 2006, Iran said ONGC Videsh had found oil in this block. Iran is drawing interest from Indian and Chinese firms that are keen to tap the world's second-largest reserves of oil and gas and. ONGC and Hinduja Group

are also looking at joining the development of Iran's South Pars Phase 12 gas field and the country's Azadegan oil field. Iran, Netherlands Sign Petrochemical Contract Meanwhile, National Iranian Petrochemical Company (NIPC) awarded a contract on petrochemical projects to a Dutch company. NPC awarded on Tuesday this contract worth 7.816 million euros on urea and ammonia projects in Golestan, Zanjan and Lordegan to Stamicarbon company.

The contract was signed between Iranian and Dutch sides in presence of NIPC Managing Director, Gholamhossein Nejabat, and Stamicarbon Co. representative, Math Passon. Nejabat said this contract could rise urea production capacity of the country to 7mm tons a day. Stamicarbon has one of state-of-the-art urea technologies worldwide. At present, Shiraz, Razi, Khorasan, Kermanshah and Assalouyeh"s Ghadir petrochemical complexes produces three million tons of urea a day in total, Nejabt added.

hinese Foreign Ministry spokesman Liu Jianchao said here Thursday that China National Offshore Oil Corp (CNOOC)'s deal with Iran to develop the country's North Pars gas field is a business act between enterprises. His comments came after Iran's oil ministry said Wednesday that it would sign a contract with CNOOC to develop Iran's North Pars gas field, adding that normal trade and economic cooperation between Iran and other relevant countries should not be undermined. According to Xinhua, Liu noted Iran's nuclear issue, and said, "China holds that the current existing nuclear proliferation mechanism should be maintained and every country has the right to develop nuclear technology peacefully." He said relevant UN Security Council resolutions and actions should be conducive to the resolution of the Iran nuclear issue through dialogue and negotiation.

Iran,CNOOC Cooperation Purely Commercial

Glory

NIOC Manager's Pivotal Plans

Seifollah JashnSaz, Former Head of National Iranian South Oil Company, Appointed as the New Managing Director of NIOC

ngineering & Construction Management of National Iranian Engineering & Construction Company stated the private sector intends to construct 300,000 barrel "Caspian" oil refinery in Golestan province, North of Iran close to Turkmen Port. Ali Asghar Sajadi said the main aim of construction of this refinery is to process crude oil from countries surrounding the Caspian Sea. Before now Turkmenistan and Kazakhstan had also announced willingness to invest in this project. With the increase in crude oil imports to Neka Port from 370,000 to 500,000 barrels per day, a pipeline will be drawn to the port to provide "Caspian" oil refinery with its material. According to Sajadi, the studies to choose the location and placing of the refinery have begun and investment on the project will come from the private sector. Operations to expand the Neka port lagoon to 1-1.5 million barrels capacity will be carried out by a joint venture between a Dutch and Iranian company under management of Naft Khazar Company by April 2008. The operation will last 18-20 months. The project is now in the stage of contractor selection.

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Private Sector Constructs Refinery in North Iran

azakhstan may participate in a project on the construction of the Neka-Jask oil pipeline in Iran to make provision for transit of its oil via this country, a source at the information policy department of the KazMunayGaz (Kazakh oil and gas) national oil and gas holding company has said to Panorama [newspaper]. "The Kazakh side is analyzing prospects for its participation in the Neka-Jask oil pipeline project at the moment," the source said, responding to a relevant inquiry from Panorama. It is proposed that the Kazakh oil, earmarked for the Neka-Jask oil pipeline, will be delivered to the Iranian coast by tankers via the Caspian Sea from Kazakh sea ports, the source at the department said. Kaz Munay Gaz and the National Iranian Oil Refining and Distribution Company will set up a joint venture to implement this transport project

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Kazakhstan Considers Joining Iranian Oil Pipeline Project

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Nozari asked Jashnsaz to "safeguard oil and gas reserves as national wealth, raise the productivity of reserves, raise production capacity,and expediti oil and gas development projects"

apan's oil imports from the Islamic Republic climbed 28.6 percent in January 2008 compared to the figure for January 2007, reaching 19.3 million barrels for the month. Iran was Japan's third biggest supplier of oil after Saudi Arabia and the UAE, which exported 38.8 million barrels and 34.91 million barrels of oil to the East Asian country in January respectively, Kuwait's Kuna news agency reported. Japan's overall oil imports in January rose 8.6 percent year-on-year to 145.26 million barrels. The Middle East accounted for 86.2 percent of Japan's oil imports in January, up 3.0 percent from the year before and 3.1 percent from December 2007. Japan is the world's third largest oil consumer after the United States and China.

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Japan Oil Imports from Iran Up 28%

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ran's oil minister has named an industry veteran to head the state National Iranian Oil Company (NIOC), tasking him with boosting capacity in the country. Oil minister Gholamhossein Nozari, who himself held the NIOC top job until he became minister last year, appointed Seifollah Jashnsaz as managing director of Iran's main oil company. Priorities of the New NIOC Manager Having appointed as Managing Director of NIOC, Seifollah JashnSaz announced his 19 pivotal plans on his list of priorities. Persisting with the great leader point of view in foundation of Organization of Gas Exportation Countries (OGEC), putting the Act 44 of the constitution into execution toward conceding WEEK REVIEW

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It is possible

ome $ 36 million worth of petrochemical products have been exported in current Iranian year (ending March 20). Managing director of Tabriz petrochemical Complex noted that some 28,000 tons of products of this complex have been exported to 30 countries during the same period. "Turkey, Pakistan and China were the major importers from the complex respectively," Alireza Sadri said. He added that Tabriz petrochemical complex has allocated over 94,000 tons (2,300 billion rials) to the low graded petrochemical industries nationwide, which showed 9 percent increase compared to the same period last year. "Tabriz Petrochemical Complex, which went on stream in 1979, produces over 750,000 tons of petrochemical products annually," he said, expressing hope the output will reach 850,000 tons if the complex implements its current plans

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Tabriz Petrochemical Exports Up

non ruling activities of downstream industries management to private section not connected with upstream management and doing a survey on selling oil through stock market to enhance country currency revenue, are among these priorities. According to the offered plan, improving human resources as an invaluable capital to the oil industry, accelerating oil resource management projects through gas injection, decentralizing and conceding authority in proportion with domain of responsibility, increasing country's potential in crude oil and natural gas production in accordance with the current reserves, merging of parallel structures for smooth execution of executive affairs, improving of efficiency and developing of engineering and decision making departments, are some others of these priorities.

Also developing drilling potentials of the country especially in the sea, focusing on South Pars's gas field toward developing joint reserves, fully supporting the survey on reservoir executed by producing organizations and their experts, supporting exploration of new reservoir to reap the benefits of new resources, accelerating development of exploration fields by using proportionate tactics, supporting replacement of non-hydro carburet gases with hydro carburet in gas injection projects toward increasing country gas balance and maintaining the reservoir through findings of scientific researches, are among the managing directors pivotal plans. Showing the potentials of the country oil industry, strengthening of Iran position in influential international organizations, supporting diligent, risk taking,

active and fresh managers, fully support internal expertise to be able to compete in regional market, providing Iran National Oil Company Constitution and supporting inspecting organizations to have a reliable mean to supervise the work process are some of the managing director aims to be achieved. Long Experiences Jashnsaz, with 20 years' experience in various positions in Iran's oil sector, was previously managing director of the National Iranian South Oil Company, a NIOC subsidiary. In the appointment decree, Nozari asked him to "safeguard oil and gas reserves as national wealth, raising the productivity of reserves, raising production capacity, expediting oil and gas development projects, especially in jointly owned fields".

oland has offered Iranian Offshore Oil Company (IOOC) a technical and financial bid to produce 2.7 million tons of LNG from natural gas of the Lavan field annually, the IOOC managing director said here on Friday. Mahmud Zirakchianzadeh, added Lavan gas field holds 8-12 trillion cu. f. of natural gas reserves and is planned to have an initial production of 360 million cu. f. per day.

Poland to Produce LNG from LavanGas

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Oil Near $100 Again After Sharp Fall

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il prices rose Wednesday after dropping sharply in the previous session on the possibility that OPEC will raise output and on expectations that U.S. crude supplies are continuing to rise. Chakib Khelil, president of the Organization of Petroleum Exporting Countries, said the cartel is shying away from boosting production due to expectations that global demand for crude will fall during the second quarter.

Khelil's comment helped to halt the slide driven by investors still betting the cartel will boost production to bring prices down. Light, sweet crude for April delivery rose 19 cents to $99.71 a barrel in Asian electronic trading on the New York Mercantile Exchange by midday in Singapore. The contract fell $2.93 to settle at $99.52 a barrel Tuesday. It was crude's first move below $100 this week and its lowest settle-

ment price since Feb. 25. Prices were also pressured by expectations that U.S. crude inventories rose 2.3 million barrels last week, according to analysts surveyed by Dow Jones Newswires. Prices rose as high as $103.95 a barrel Monday, climbing past the $103.76 price many analysts consider to be the true record high for oil after the $38 per barrel price from 1980 is adjusted for inflation.

he first gas technology and related industry exhibition dubbed as "GasTex 2008" Held in Mashahd. Managing director of the Mashhad International Fair said in the inauguration ceremony "Considering Iran's second position after Russia as the biggest gas producer in the world, Iran has a special stance in the energy market." Referring to the importance of gas and Iran's position in this concern, Mohammad Seyyedi said, "In recent months demand for buying Iran's gas has increased by different countries." He added, "The aim of holding such an exhibition here is to present the province (Khorassan Razavi) abilities and potentials in this field." 45 domestic and foreign firms participated in the fair and delegations from Cameroon and Turkey by visiting the exhibition got acquainted with Iranian experts abilities.

First Mashad Gas Technology Exhibition Held

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