Gulf Oil and Gas accountACCOUNT

Iran & South Africa Eyeing GTL Project

Source: www.gulfoilandgas.com 3/7/2017, Location: Asia

Share |
Iran says it has started talks with South Africa over a strategic project to produce fuel from natural gas Ė a project that South Africaís chemicals firm Sasol was pursuing in the Islamic Republic but later had to abandon as a result of sanctions.

A report by Iranís IRNA news agency said the development of a gas-to-liquid (GTL) project had been raised in a meeting between Marziyeh Shahdaei, the managing director of the National Petrochemical Company of Iran, and Tina Joemat-Pettersson, the visiting South African minister of energy.

The GTL project under discussion between the two countries would have a production capacity of 50,000 barrels per day (bpd), IRNA added.

Both Shahdaei and Joemat-Pettersson agreed to expedite the relevant discussions toward a final agreement, it said in its report.

Previously, Sasol was to develop a GTL project at Phase 14 of Iranís South Pars gas zone. However, it had to quit the projects in 2005 as complications grow as a result of US pressures on foreign investors in Iran as well as certain technical hurdles.

The removal of sanctions against Iran last January encouraged the South African chemical major to approach Tehran to resume GTL talks.

Sasol announced in August 2016 that it was interested in not only Iranís GTL prospects but also a similar project that involved the production of liquefied natural gas (LNG).

On a related front, Iran and South Africa last April signed a basic GTL production agreement that involved another company Ė PetroSA.

This took place during a landmark visit to the Islamic Republic by South Africaís President Jacob Zuma.

GTL Processing News in Iran >>

China >>  3/28/2017 - Following the significant increase in December, Chinaís crude oil imports dropped in January by 554 mb/d, or 6%, from the previous month to average 8 ...
Russia >>  3/22/2017 - In January, inflation reached its slowest rate of increase since June 2012 at 5.0% y-o-y. In February, inflation eased further to 4.6% y-o-y. The cent...

Brunei Darussalam >>  3/10/2017 - Amec Foster Wheeler has been awarded a major contract by Brunei Shell Petroleum Sdn Bhd (BSP) for the rejuvenation of assets in Brunei. The work inclu...
China >>  3/8/2017 - The latest information for China showed total commercial oil inventories fell slightly by 0.4 mb in December to stand at 362.8 mb, which is 21.3 mb lo...

Russia >>  12/8/2016 - Glencore notes the announcement released by the Russian government regarding the privatization of shares in Rosneft. ...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |

More News

 

Oil & Gas Companies in Iran >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.