Major events in Caspian countries' oil and gas industry for last week (Oct. 10-14)
Iran introduces 3 cross-country pipelines to foreigners
Iran introduced three cross-country gas pipeline projects – IGAT 6, 9 and 11 – to foreign investors on Oct. 10 during a meeting of the World Energy Congress 2016 in Istanbul, the spokesman of National Iranian Gas Company Majid Bujarzadeh said, SHANA reports.
He said the projects worth $12 billion will be delivered to foreign and local companies based on build-operate-transfer (BOT), build-own-operate (BOO), and engineering, procurement, construction and financing (EPCF) contracts. Aside from these cross-country pipelines, Iran also introduced gas storage facility, gas refinery, CNG and mini-LNG plant projects to foreigners, Bujarzadeh added. The IGAT 6 and 9 were aimed to export South Pars field’s gas to Iraq and Turkey respectively, while IGAT 11 is projected to boost gas supplies from South Pars to Iran’s north-eastern regions.
SOCAR to purchase one of OMV assets in Turkey
Azerbaijan’s state oil company SOCAR reached an agreement to purchase an OMV Petrol Ofisi terminal in Izmir, said the SOCAR Turkey Energy Director General Zaur Gahramanov, according to Turkish media.
“The terminal’s capacity is 200,000 cubic meters, however, its capacity can be increased to 700,000 cubic meters. In addition, the terminal can contain 45,000 cubic meters of liquefied gas and this figure can be also increased,” said Gahramanov.