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Iran Investment in Hydrocarbon 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India
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11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Jan 15, 2016

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Page 1: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Iran Investment in Hydrocarbon

11th Session of Petro IndiaIn collaboration with India Energy

Forum11 December 2012

New Delhi - India

Page 2: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Iran the Land of Peace and Development in West Asia and Persian Gulf

Population: 75 Millions Friendly people and rich

culture Rich infrastructure: world

class ports, airports and highways.

Access to huge easily expolitable oil and gas reserves in Persian Gulf and Caspian Sea.

Strategic location & strategic transit route.

Close to energy thirsty countries in Asia. 4-5 days shipping to Mumbai in India East Coats

Decades of credibility and sustainability in oil supply to the global markets

Page 3: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Iran Oil & Gas resources

Iran ranks among the world's top four holders of both proven oil and natural gas reserves.

Oil: 12 percent (154.8 billion

barrels) of global oil in the country,

The third biggest oil reserves in the world after Saudi Arabia and Iraq.

Production capacity around 4.2 million bpd.

Planning to raise its daily output to 5.1 million bpd by 2015.

Able to meet up to % 70 of its technological needs domestically.

Page 4: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Iran Oil & Gas Resources Gas: With the existence of 17 percent of global gas

reserves in the country, Iran is considered as the second biggest gas reserves holder in the world (after Russian Federation).

As of January 2011, Iran's estimated proven natural gas reserves stood at 1,046 trillion cubic feet (Tcf).

The country's average daily gas production at this stage amounts to 650mln c/m per day.

In the next three years, gas production capacity is going to rise to 1.4 billion cubic meters per day.

At this stage only South Pars Gas Field which is shared with Qatar is the main source of gas production and Iran has not tapped its other gas field, yet.

Page 5: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Iran Gas consumption

At present, 929 cities of the Islamic Republic of Iran are enjoying gas services which make up 97 percent of all cities population.

Gas is used for cooking and heating, feeding Petrochemical units and power plants and as CNG fuel in cars.

Part of Iran gas production is also used for re-injection in the oil wells to increase the output.

Page 6: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Iran Gas Exports to other countries

Countries like Turkey, Armenia and Nakhchivan are currently the customers of Iran’s natural gas.

Iran is considering an Iraqi request to import Iranian natural gas and a general agreement has been reached on that.

Having in mind its vast efforts to explore and extract those reserves, Iran has the capacity to export natural gas to other neighboring countries and regions in particular Pakistan, India and China through various pipelines.

Only in the first 10 months of the current Iranian year (started on March 21), Iran has exported 7.6 bln c/m of natural gas to iys neighbors.

Page 7: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Iran’s Plan for energy export Pipeline: Iran - Pakistan (IP) &

SAGE deep sea pipeline. LNG, The Iran LNG project includes

two liquefaction trains with an expected capacity of 10.8 million tons of LNG. So far, Iran LNG %70 Progress.

GTL (Gas to Liquid), 2 small unit has been successfully set up in the country.

GTW (Gas to Wire). Iran is the main exporter of electricity to the region and plans to increase export of power supplies to the neighboring and regional states.

Last year, Iran exported a total of 7.8 billion gigawatts per hour and this year it is expected to exceed 10 billion GW/h.

Iran has also power swap deals with Armenia, Pakistan, Turkmenistan, Turkey, Azerbaijan, Iraq, Afghanistan and the autonomous region of Nakhchivan

Page 8: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Iran – Pakistan Gas Pipeline Project

Tehran is determined to complete Iran-Pakistan gas pipeline project and It has made progress with Islamabad in implementation of this 1,100 km project.

Iran and Pakistan are to accomplish this project by 2014.

The gas will be supplied from the South Pars field.

The initial capacity of the pipeline will be 22 billion cubic meters of natural gas per annum, which is expected to be later raised to 55 billion cubic meters.

So far, Iran has completed 900 km out of 1100 km of its part in the country.

Page 9: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Gas Pipeline Projects (continued)

For IP gas pipeline, iran has offered a USD 500 Million loan to Pakistan recently and the relevant finance agreement is to be singed soon.

On SAGE project and bringing Iran’s natural gas to India through a 1400 km deep sea pipeline, the new innovations and cost effective technology could make this project a reality and bring Iran gas to India without any security concern and with a less cost and technical complexities than LNG.

The Feasibility study of this project has been done and Iran welcomes the negotiations with SAGE, Indian gas buyers and the government of India, in case if there is a strong political will in this respect.

Page 10: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Total20152014201320122011Company Name

145.93.1319.833.642.5436.7NIOC

21.62.44.34.54.54.2NIGC

16.76.23.13.33.64.1NIPC

15.86.22.83.13.53.8NIORDC

20022.73044.554.148.8Total

Investment needed durin Iran 5th Development Plan (2011-2015)

Figures in Billion Dollar

Page 11: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Investment categories

Development of shared (with neighboring countries) oil and gas fields.

Development of small size reservoirs and fields.

Investment in early production from mid size reservoirs and fields.

Exploration blocks. Gathering, pressure

maintenance and gas injection stations.

AMAK projects. Construction of new and

renovating of existing dehydration units.

Building gas production and refineries.

Page 12: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Investment categories… (Continued)

Optimization of oil fields surface facilities.

Seismic acquisition projects.

Optimization of gas unit performance.

Renovation of fields production facilities.

Crude oil export pipelines and pumps.

Building crude oil storage tanks.

LNG and gas sweetening projects.

Renovation of North storage terminal facilities.

Page 13: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Iran’s Strategy for investment & Financing its Oil and Gas

Projects Creating a competitive

atmosphere for domestic and foreign investors and partnership.

Fund management. Encouraging domestic private

banks for playing an active role in investments and mobilizing the necessary finances through collaboration with foreign banks across the world.

Attracting foreign financial resources through more flexibility in the national laws and regulations.

Expediting the process of privatization in oil industry.

Expanding bilateral cooperation with oil and gas companies at the regional and international levels.

Page 14: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Iran’s Strategy for investment & Financing … (Continued)

Utilizing additional foreign revenues of the Government available in the national development Fund for financing such projects.

Using the capacity of domestic financial institutions such as pension funds.

Taking use of the guarantee letters of Iran’s Central Bank as well NIOC for better encouraging the investors.

Establishing a specialized bank for financing oil industry.

Selling government bonds for financing oil industry projects.

Page 15: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Iran’s Strategy for investment & Financing … (Continued)

Pre-payment though advance selling of crude oil and oil products.

Credit purchases using Screw Accounts.

Making Tri-Party Agreements (TPA).

Utilizing foreign currency deposits of Iran’s Central Bank with credible foreign banks which are ready to provide loans and other creditlines in return for the said deposits.

Using the bonds obtained by Iran’s Central Bank which have been deposited with foreign banks.

Use of crude oil as deposit with other countries.

Page 16: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Iran’s Investment Incentives in Petroleum Industry

Possibility of assigning a project to approved applicant without participating in project`s tender

Providing feedstock for refineries (inside country border) with price of 95% of Persian Gulf FOB

Possibility of assigning the 100% of refineries share and ownership to private investors

Assuring the purchase of refining products from investor by petroleum ministry on Persian Gulf FOB price

Possibility of exporting refining products by investor.

Page 17: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Iran’s efforts for investment & Financing its Oil and Gas

Projects Establishment of a

investment committee by Petroleum ministry since March 2010, as the exclusive reference for admission and approval of investment and finance proposals and assessment of their financial competency and potency.

The Investment committee welcomes any kind of investment/finance including investing funds, financial tools, buying/selling bonds and ….

Different Kinds of Contracts are applicable in the projects such as Buy Back, Finance Agreement, EPCF, EPC, BOO, BOT, and PSA.

Page 18: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Iran & IndiaFriendship, Peace & long term

relations

Page 19: 11 th Session of Petro India In collaboration with India Energy Forum 11 December 2012 New Delhi - India.

Thanks for your attention