Page 55 - IRANRptOct20

Iran sees gas exports increase by 88% over seven years: NIGC
According to the company director, current daily output stands at 700 mcm, with 37 out of 39 platforms installed and now fully operational across the offshore and onshore sites.
Speaking to IRIB national television, Mohammad Meshkinfam noted the 94% fulfilment of the company's instructed production plan, saying all phases of the gas field, excluding Phase 11, were operational.
Meshkinfam added that by the development of other fields and enhancing the productivity of South Pars, 75% of the country’s demand for energy would still be met from the field in the next 25 years.
Seven years ago, South Pars' production level for ​Iran stood at 270 mc​m​ per day, but extraction has risen thanks to several fields and the Persian Gulf Star Refinery opening.
Gas exports from Iran have increased by 88% over the past seven years according to Hassan Montazer Torbati, CEO of the National Iranian Gas Company (NIGC), SHANA reported on September 10.
Iran has focused on boosting its exports of natural gas from several fields including​ ​the expansive South Pars gas field​ ​in the Persian Gulf.
“In recent years, the country has earned $10bn from the export of diesel fuel, liquefied petroleum gas [LPG] and heating oil, and this progress continues,” he was quoted as saying
According to Torbati, gas is exported to Turkey, Iraq, Azerbaijan and Armenia. He also said the development of South Pars and the start of gas exports to Iraq had led to an increase in gas exports by more than 88% compared to 2013.
The volume of gas supplied to Turkey in the contract, he specified, is 30mn cubic metres. "According to the contract, the export of gas to Iraq is 55 mcm," said the director-general.
His comment was previously aired by that of South Pars' managing director, who also confirmed a large increase in gas exports to regional neighbours and beyond but said the​ ​country had seen an 87% increase​ ​since 2013.
The average volume of gas exports in summer is 75 mcm per day, Torbati explained.
9.2.2 ​Transport corporate news
Two Iranian railway companies ‘to list soon on OTC Fara Bourse’
Two of Iran’s largest railway enterprises, Raja Rail Transportation Company and subsidiary Novin Sanat Raja, will soon be listed on the Islamic Republic’s over-the-counter (OTC) stock market, the Iran Fara Bourse (IFB), according to a Raja official cited by state broadcaster IRIB on September 22.
Hassan Esmaili, a member of the board and chairman of Raja Rail Transportation's specialised capital market working group, was quoted as saying Raja’s administrative and financial issues have been resolved and that the company and the subsidiary were close to listing.
The Tourism Holding Company of the Social Security Organisation, known by its Persian acronym Hegta, supplied the required capital for the companies to join the capital market, he reportedly added.
Raja is the largest passenger rail company in Iran. It claims a market share of around 55% in Iranian rail passenger transportation.
Novin Sanat Raja deals with technical and engineering activities.
55​ IRAN Country Report October 2020 www.intellinews.com