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is considered material by Kinetiko as it of producing 50 million cubic meters of gas
demonstrates the nature of commercial for urban uses (methane) and 75,000 barrels
relationships that the Company is negotiating, of gas condensate and 400 tons of sulfur per
which is integral to the Company’s business day, as well as one million tons of LPG and
model of establishing interest in local JV one million tons of ethane per year in order
partners to co-develop and co-fund gas to feed petrochemical units was inaugurated.
production fields in South Africa. These The National Oil of Iran and Pars Oil and Gas
relationships have the potential of accelerating Company in an all-Iranian consortium under
the exploration vision with funding support. the leadership of Iran Industries Development
In addition, FFS has the capacity to be an and Modernization Organization operated the
offtaker for gas produced and strengthens massive national project.
the market opportunities for Kinetiko’s More than 70% of the total goods required
significant contingent gas resource. Finally, for the 14th phase of South Pars were supplied
the independent certification of gas reserves by domestic factories.
and the ability of Kinetiko to increase its gas The huge offshore field covers an area of
reserves will depend on the ability of the 9,700 square km, 3,700 square km of which
Company to establish that there is a credible are in Iran’s territorial waters in the Persian
market for gas produced in what is projected Gulf. The remaining 6,000 square km, called
to be a number of producing gas fields. North Dome, are situated in Qatar’s territorial
KINETIKO waters.
The field is estimated to contain a
significant reserve of natural gas, accounting
REFINING for about eight percent of the world’s reserves,
and approximately 18 billion barrels of
South Pars 14th Phase condensate.
President Raeisi arrived in the southern
refinery inaugurated province of Bushehr to inaugurate that project
and some other government projects on
The 14th phase of the South Pars Refinery was Thursday morning.
inaugurated on Thursday in the presence of Speaking to reporters in Kangan County
Iranian President Ebrahim Raeisi. in Bushehr Province, Javad owji, the Iranian
Iranian Oil Minister Javad Owji had oil minister said that the 14th phase of South
recently told reporters that by exploiting this Pars was the last dry refinery in South Pars
stage, the construction of South Pars refineries gas field, voicing optimism that the Phase 11
will be completed and this will be its last of South Pars which is in the waters of Persian
phase. Gulf will be completed in the two months.
South Pars Phase 14 Refinery with the aim MEHR NEWS

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