The CEO of the Pars Oil and Gas Company (POGC) said that talks were going on with Chinese developers in South Pars Phase 11 project

According to POGC, Mohammadi Meshkinfam said that development of Kish Gas Field was one of POGC’s top priorities currently; adding that developing the field’s first phase was seriously being pursued by the company.

He said studies were being carried out for determining the path of a pipeline to transfer gas from the field, adding once findings of the studies are obtained; the produced gas would be transferred to South Pars refineries or Fajr Jam Refinery for processing.

A billion cubic feet or 28 million cubic meters per day would be produced in the first phase of the project, the official added.

Regarding Farzad Field, he said talks were continuing with Indian developers in the project, stating that this project was also another prioritized project for POGC.

Besides the Indians, “we are in talks with other companies as well.”

About the National Iranian Oil Company (NIOC)

Since 1951, National Iranian Oil Company (NIOC) has been directing and making policies for exploration, drilling, production, research and development, refining, distribution and export of oil, gas, petroleum products.

NIOC, with a vast amount of oil and gas resources, is one of the world’s largest oil companies. At the present time, it is estimated that the company holds 156.53 billion barrels of liquid hydrocarbons and 33.79 trillion cubic meters of natural gas.

With advances in technology and increasing complexities of economic and political relations, NIOC has risen to a privileged status. Therefore, national and regional policies and cooperation with industrial countries in the provision in the supply of energy and stabilizing global oil markets are on the agenda of NIOC. On the verge of the fourth decade of the Islamic Revolution, oil industry workers have every reason to be proud of their achievements before the noble people of Iran, and they pride themselves on having learned the lessons of self-assurance and dignity.

NIOC, in accordance with Article 44 of the Constitution, gives authority to different sectors, while supervising oil industry activities. The company has taken major steps toward establishing business enterprises, funded financial resources for development, helped to update technologies for exploration, drilling and production with reliance on the knowledge of Iranian experts.

NIOC consists of seventeen production companies, eight technical service companies, seven managements, six divisions (administrative units) and five organizational units.