Iran, Syria to sign fuel agreement

Speaking to reporters on the sidelines of his visit to Iran’s South Pars gas field in Asalouyeh, managing director of Syria’s General Corporation for Oil Refining and Distribution of Petroleum Products Nazih Jouhara said Syria imports two million tons of gasoline and diesel fuel per year.

He added that the Syrian Oil Ministry is planning to build a pipeline for transferring oil products and distributing them across the country.

The Syrian official added that his visit to Asalouyeh is aimed at learning more about Iran’s achievements and advances in the gas and petrochemical industries.

Jouhara added that building oil and gas refineries and gas transfer pipelines, as well as developing the electricity network and subsidiary industries related to the oil refining sector are some of the major projects to be implemented by the Syrian oil industry.

The official said Syria needs to import 900,000 tons of LNG per year, adding that Iran is currently supplying the liquefied gas needed in the Arab country.

Sitting on the world’s second largest natural gas reserves after Russia, Iran is making efforts to boost gas production and exports by encouraging foreign and domestic investments in energy projects, especially in the South Pars gas field.

The huge gas field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are within Iran’s territorial waters in the Persian Gulf. The remaining 6,000 square kilometers, i.e. North Dome, are in Qatar’s territorial waters.

The Iranian gas field contains 14 trillion cubic meters of natural gas (about eight percent of the world’s reserves) and more than 18 billion barrels of LNG.

SS/AZ/HGH

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