Subscribe free to our newsletters via your
. 24/7 Space News .




ENERGY TECH
Sanctions delayed Iran gas field development: MP
by Staff Writers
Tehran (AFP) June 27, 2011


The development of Iran's South Pars gas field in the Gulf has been delayed partly because of international sanctions, the spokesman for the Iranian parliament's energy commission said on Monday.

The delay was "partly due to giving the work to Chinese contractors," since "we cannot award the work to contractors from other nations due to international sanctions" on Iran, Emad Hosseini was quoted as telling the Fars news agency.

"Under our planning, we should have had 30 percent progress in the South Pars projects by now, but we are very far behind in the plans," Hosseini said.

Fars reported last week that the nine South Pars projects awarded in June 2010 to Iranian companies as part of a $21-billion contract progressed between only 13 percent and 23 percent in a contract that was due for completion in 35 months.

"If we continue like this, we will not finish on time," Hosseini warned.

Many of the projects were reassigned to Iranian firms following the pull-out of major Western firms including France's Total and the Anglo-Dutch Shell, after international sanctions against Iran's controversial nuclear programme were strengthened.

"We had no choice but to resort to Chinese contractors, but they seem to be unable to carry out projects and we will have to reconsider their participation," Hosseini said.

Several times in recent months, Iran's parliament has expressed concern over delays in the development of South Pars, a huge offshore natural gas field shared between Iran and Qatar.

South Pars offshore field holds around 14 trillion cubic metres of gas, or eight percent of world reserves, and Qatar began exploiting it a decade sooner than the Islamic republic.

Western sanctions against Iran, tailored under six UN resolutions condemning its nuclear programme since 2006, mostly target the country's banking and oil sectors, and are aimed specifically at slowing the development of South Pars.

They prohibit any investment, technology transfer or sale of equipment in the oil and gas sectors to Iran, the second largest producer in OPEC, which earns 80 percent of its foreign exchange from the selling of petroleum products.

Tehran has said it is able to develop South Pars on its own, notably by giving many of the projects to companies affiliated to its elite Revolutionary Guards Corps.

But the withdrawal of the Western companies has led to a growing presence of Chinese oil firms, which since 2006 have announced a total investment in Iran of $28 billion.

However, Western experts, based on assessments by the Sino-Iranian Chamber of Commerce, say actual Chinese investment in Iran is closer to one billion dollars.

Last week media reported that the oil ministry had issued a warning to the China National Petroleum Corporation, a state company, for not carrying out a $4.7-billion contract signed in 2009 to develop Phase 11 of South Pars, after Total withdrew from the project.

In 2010 Beijing became the top economic partner of oil-rich Iran, which has the world's second largest natural gas reserves after Russia.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
Philippines, US navies in show of unity
Manila (AFP) June 26, 2011
State-of-the-art US missile destroyers will join ageing Philippine warships for naval exercises this week in a timely show of unity as tensions with China escalate over a maritime dispute. The 11 days of exercises start on Tuesday off the southwest Philippine island of Palawan in the Sulu Sea, close to the disputed waters of the South China Sea where Manila has complained of increasing Chine ... read more


ENERGY TECH
ARTEMIS Spacecraft Prepare for Lunar Orbit

LRO Showing Us the Moon as Never Before

CMU and Astrobotic Technology Complete Structural Assembly of Lunar Lander

Blood Red Moon Predicted

ENERGY TECH
NASA Mars Rover Arrives in Florida After Cross-Country Flight

Radar for Mars Gets Flight Tests at NASA Dryden

19-Mile Mark See Opportunity For A Solar Panel Clean Up

Phobos slips past Jupiter

ENERGY TECH
Unfasten your seatbelts aboard the ZERO-G

ESA reentry vehicle on track for flight in 2013

Space shuttle commander Kelly to retire from NASA

Looking for new vistas of space exploration

ENERGY TECH
China to launch new communication satellite

China's second moon orbiter Chang'e-2 goes to outer space

Building harmonious outer space to achieve inclusive development

China's Fengyun-3B satellite goes into official operation

ENERGY TECH
ATV-2: re-entry over the south Pacific

Progress M-11M space freighter launched into orbit

The end for ATV Johannes Kepler

Johannes Kepler has left the ISS

ENERGY TECH
Ariane 5 payload integration underway; First Soyuz launchers arrive

Arianespace to launch Astra 5B satellite

Arianespace receives the next Ariane 5 for launch in 2011

SpaceX Secures Launch Contract In Major Asian Market

ENERGY TECH
Microlensing Finds a Rocky Planet

A golden age of exoplanet discovery

CoRoT's new detections highlight diversity of exoplanets

Rage Against the Dying of the Light

ENERGY TECH
12 percent of US adults own e-readers: survey

Top US court zaps violent videogame sales ban

BlackBerry maker upbeat on Asian growth markets

Selex radar set for South Korean army




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement