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June 29, 2025 -- Iran has begun gas exports from the third sweetening train of the Phase 14 refinery at the South Pars gas field. Credit: Tehran Times


Construction of the South Pars Phase 14 onshore gas‐condensate refinery began in 2010 as part of Iran’s ambitious plan to fully develop the world’s largest natural gas field shared with Qatar. Nestled within the South Pars Special Economic Energy Zone, some 15 km east of Bandar Kangan in Bushehr province, the facility was conceived to process sour gas from Phase 14 offshore platforms and supply sweet gas, condensate, LPG, sulfur and ethane to domestic and export markets.

After a decade and a half of phased engineering, procurement, and construction—marked by extensive use of domestically manufactured equipment and modular train fabrication—the refinery was finally completed in late 2024. Within weeks of its inauguration, Phase 14 was tied into Iran’s national gas pipeline network, enabling the first exports of sweet gas from its third sweetening train to neighboring countries in January 2025.

However, the facility’s moment of triumph was abruptly challenged on June 14, 2025, when an Israeli airstrike struck one of the four sweetening trains. The attack, the first direct aerial assault on Iran’s oil and gas infrastructure, triggered a blaze that halted production of approximately 12 million cubic meters per day of gas and temporarily curtailed condensate output. Initial assessments feared weeks‐long outages, but a round‐the‐clock repair effort led by Pars Oil and Gas Company (POGC) engineers restored the damaged train to full operation in under ten days.

This rapid recovery not only prevented significant disruptions to domestic gas supply—critical for power generation and industrial usage—but also underscored Iran’s strategic emphasis on local content. With over 70 percent of Phase 14’s components sourced from Iranian manufacturers, spare parts and technical expertise were readily available onshore, enabling swift replacement of heat exchangers, valves, and amine compressors damaged in the strike.

As Phase 14 resumes uninterrupted service, its journey from groundbreaking in 2010, through years of engineering challenges, to a dramatic test under fire, highlights both the refinery's technical sophistication and Iran's commitment to energy self-reliance. The swift repair demonstrates that Iran's investment in domestic manufacturing and technical expertise has created a resilient energy infrastructure capable of withstanding both operational challenges and external threats.

#iran #southpars #gasfield #refinery #gasprocessingplant #sourgas #sweetgas #parsoilandgascompany #pocg #nioc




The Tehran Stock Exchange (TSE), established in 1967, is Iran’s principal securities market and the country’s largest stock exchange. It operates as an emerging frontier market and was a founding member of the Federation of Euro-Asian Stock Exchanges.

#tehran #iran #stockexchange




Pars Oil and Gas Company (POGC) is a wholly owned subsidiary of the National Iranian Oil Company (NIOC).

POGC’s principal mission is the development of Iran’s major gas fields, including:

  • South Pars Gas Field (shared with Qatar’s North Dome)
  • North Pars Gas Field
  • Golshan Gas Field
  • Ferdowsi Gas Field

Its activities encompass the full project lifecycle: reservoir evaluation, technical and economic feasibility studies, detailed engineering, procurement, construction supervision, and contractor appraisal and selection.

#nioc #pogc #iran #oilandgas #parsgasfield








US Presidential candidates have diverging views on the oil industry.

Trump supports expanding production, which could lower oil prices. Harris, who favors green energy, has previously supported a ban on fracking and could limit production. Under president Biden, the free cash flow of the top 10 oil and gas companies tripled in 3 years.

Trump proposes a 10% duty on all imports and a 60% duty on Chinese imports, which could reduce energy demand. Trump may tighten sanctions against Iran but ease measures against Russia.

#russia #iran #usa #trump #harris #potus #oilandgas #greenenergy #oilprice #fracking





In the period spanning twelve months until March 2024, Iran's oil exports surged to $35.8 billion.

Despite the reimposition of US sanctions against Tehran in 2018, China's continued purchases of Iranian oil have enabled the nation to uphold a favorable trade balance. As per the country's customs data, excluding oil exports, Iran would have encountered a trade deficit amounting to $16.8 billion.

The overall trade volume experienced a modest increase of 2.6% year-on-year, reaching a total worth of $153 billion, with Iranian exports contributing $86.8 billion to this figure.

#iran #china #oilexports


In 2023, Iran witnessed a remarkable surge in its oil export shipments, averaging 1.3 million barrels per day. This figure represents a substantial increase of nearly 50% compared to the previous year and marks the highest export rate in the past five years.








Kpler reports that China emerges as the primary recipient of Iran's oil exports, while other consumer nations contribute only minimally to the total export volume.

According to the International Energy Agency (IEA), Iran's overall crude oil production for the year reached 2.99 million barrels per day, indicating an increment of 0.44 million barrels per day from the preceding year.

These statistics corroborate earlier media speculations and official statements from the Iranian government, highlighting a significant upsurge in both oil production and exports throughout 2023, despite the enduring constraints of stringent US sanctions.

#iran