With Official
Support From:

Islamic Republic of Iran Ministry of Petroleum
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Official Letter of Support

Official Letter of Support

Click on the button below to view the Official Letter of Support from The Ministry of Petroleum of Iran and the National Iranian Gas Export Company (NIGEC)

 

With Official Support from the Ministry of Petroleum


The Islamic Republic of Iran’s oil ministry was established in 1979. The purpose of forming the oil ministry was to implement the major policies of the Islamic Republic in the oil and gas sectors including producing, developing, planning, and supervising all operations in both upstream and downstream oil industry. In order to meet all these purposes, the ministry has been divided into four main national companies:

- The National Iranian Oil Company
-The National Iranian Gas Company
-The National Iranian Petrochemical Company
-The National Iranian Oil refining and Distribution Company and some minor units.

Currently, the Islamic Republic of Iran’s oil ministry has an active and effective presence through expanding its goals and activities around the country. The ministry, while supplying energy and providing foreign currency revenues for the country, creates industrial and energy hubs, which are prerequisites for developing other industries, creating job opportunities and helping the Iranian economy to flourish. The ministry also plays an essential role in Iran’s international interactions and energy diplomacy and enjoys a unique status among oil producers and gas exporters in the GCEF and OPEC. As of 2012, the Ministry of Petroleum in Iran handles 4,000 public (non-oil) projects across the country. The estimated value of the projects stands at 53,868 trillion rials (approximately $4 trillion). Iran holds 10% of the world’s proven oil reserves and 15% of its gas. It is OPEC’s second largest exporter and the world’s fourth oil producer.


With Official Support from the National Iranian Gas Export Co.


The Importance of Gas Export

Natural gas is receiving more attention comparing with forms of energy carriers. In addition to its heat value, the characteristic of being convertible to petrochemicals certifies the essence of this material. Natural gas is also more environment-friendly and economic.

There is a growing demand for natural gas world-wide. More than half of the world’s population is settled in countries located in our east which don’t have adequate amount of gas reserves. Industrial countries, like most of Europe, undoubtedly are in need of natural gas in the future. The conclusion is a very promising rationale for gas export.

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.

National Iranian Gas Company (NIGC)

Using natural gas as a heating fuel is one of the various usages of this precious fuel. With respect to natural gas plentiful value added to the national economy and its capability for being converted into thousands of valuable commodities in the petroleum and petrochemicals industry, one can realize the real and major importance of natural gas. The growing need for gas to provide energy and fuel, and the foreign currency resulted from sales and export for investment and launching infrastructural industries in the country, reinforced the idea of bundling gas industry related activities. Therefore, in line with this, and based on the legal statute, NIGC as one of the four major subsidiaries of Iran’s Petroleum Ministry was established. The initial capital of the company amounted to RLS 25 billion, in 1965.

Since its establishment, NIGC has gradually achieved capabilities and has managed to have access to various sources and facilities such as experts and efficient human force equipped with scientific and theoretical vision and knowledge; tools, equipment , machinery and various advanced workshops for implementing its operations proportionate with the country economic and social development trend. NIGC has also benefited from gas, which is one of the major fuels used for energy production and providing a part of the required currency of the country. At present, NIGC is carrying out its tasks in compliance with international valid standards on its own. Right now, NIGC is one of the top ten gas companies in the gas industry in the Middle East, and one of the four major subsidiaries of the Petroleum Ministry. Being responsible for providing over 61 percent of the country- required fuel, it has over 45 years experience. The company, in terms of providing gas, has an important position both inside the country and abroad. In line with this, and proportionate with its needs and expansion of its activities in the country and abroad, NIGC has taken measures to revise its structure. While maintaining and reinforcing its potential in terms of hard ware and soft ware, NIGC has recruited experts and/or trained staff, and has updated its experienced staff knowledge.

At present, the number of NIGC permanent staff amounts to 18000 persons; meanwhile, over 18000 contractor staff works with NIGC.

Iran’s Share of Gas

Reserves make Iran the second largest gas owner of the world after Russia. Iran had been away from gas market until the year 2000.

In order to compensate for its delayed presence in this market, Iran has planned for production record of about 220 TCMPA in a 20 years’ time-frame.

 

NIGEC’s Mission

According to a pre-devised plan from National Iranian Oil Company (NIOC), to efficiently coordinate all gas export related activities, and conforming to 5th clause of its statute, NIOC established a subsidiary in the year 2002, called National Iranian Gas Export Company (NIGEC).


The strategies which are followed by NIGEC in particular, are listed as next:

  • To secure and promote Iran’s interests, and cultural, political, and economical ties with other nations.
  • To guarantee government incomes, and reinforce its economical and political position.
  • To localize modern technologies like LNG techniques

 

Gas Export Projects/Plans

NIGEC is backed with Iran’s strategic advantages like its access to giant South-Pars gas fields, strong upstream cash flow from condensates to back LNG projects, superior geographical situation, strong government support, and access to diverse workforce.

Ongoing projects/plans are divided into two main categories, i.e. LNG projects, and gas pipelines. Part of pipeline projects is accomplished, and some still running. In LNG sector, work is underway to establish the required infrastructure.

For more information and to secure your participation please contact Mohamad Kantar on +44 207 978 0781 or email IranLNGas@thecwcgroup.com

© The CWC Group 2016