Page 15 - MEOG Week 10 2023
P. 15

MEOG                                       NEWS IN BRIEF                                              MEOG

         Iran has around 34tn cubic metres   Black Sea gas launch               almost all of its gas and oil needs. However,
       of proved natural gas reserves, with the                                 the government estimates offshore fields in
       supergiant South Pars accounting for   Turkey’s plan to start Black Sea natural gas   the Turkish part of the Black Sea hold around
       around 14tcm as well as 18bn barrels of gas   production by the end of March may be   710bn cubic metres (bcm) of natural gas.
       condensates.                        delayed by up to a month because required   Some analysts have expressed scepticism as
         The Islamic republic holds a 3,700 square   personnel have had to take time off work to   regards this estimate.
       km portion of the 9,700 square km deposit   care for relatives affected by the country’s   If the launch of production takes place
       that is shared with Qatar, where it is known as   earthquake disaster, according to a report   in April, it will be billed as a breakthrough
       the North Dome field.               from state-run news service Anadolu Agency.  for Turkey by the Erdogan administration
       NEWSBASE                               “There may be a slight delay,” the media   as the country gets set for presidential and
                                           outlet cited Energy Minister Fatih Donmez as   parliamentary elections pencilled in for May
       Earthquake delays Turkey’s          saying on March 7. “It seems it will likely be in   14.
                                           April,” he added.
                                              Turkey is dependent on imports to meet

       Week 10   08•March•2023                  www. NEWSBASE .com                                             P15
   10   11   12   13   14   15   16   17   18   19