managing director noted that during the Thursday meeting, which followed the visit paid by Indian Minister of Petroleum and Gas Dharmendra Pradhan to Iran in early April and his negotiations with Iranian Oil Minister Bijan Namdar Zanganeh on the project, the Indian company's proposed "financial investment model" was investigated in presence of the director of the Investment and Business Department of National Iranian Oil Company and experts of the two sides.
Federal Minister was informed that POGC
is committed to maintain and grow its presence in exploration and production sectors.
The activities of POGC
cover oil and gas exploration and production as well as gas distribution and marketing.
The facility has been developed for ensuring sustainable power supply to refinery facilities of POGC
Producing 2,800 MCF/d - above a 2,000 MCF/d target - plus 80,000 b/d of condensate and 400 t/d of sulphur, the two phases were in January 2003 handed over to South Pars Gas Co, a POGC
Shafi-Moazeni said that the third refinery possessed the most complicated processes offering a wide variety of products among POGC
complexes, adding, "The company is capable of producing 50 million cubic meters of natural gas, 80,000 barrels of gas condensate and 400 tons of sulfur.
According to POGC
chief, the Iranian oil ministry has got permission from the central bank to issue bonds worth 3 billion euros in addition to Iranian rial-denominated bonds worth $3 billion.
From the beginning, operations have closely involved the Polish Oil and Gas Company (POGC
) and FX Energy's significant land concessions were granted by the Polish government and obtained through joint ventures entered into with POGC
Salehi, responsible for planning export of liquids and condensate at POGC
, said the Iranian complex made about 125 billion cubic meters of sweet gas which were supplied to consumers.
To lure Asian IOC investors into Iran's oil and gas E&P opportunities, NIOC, NIGC and POGC
have developed the concept of integrated export ventures for both crude oil/refining and gas in LNG form or by pipelines to major markets.
said the Anglo-Dutch company has been told to contact POGC
so "they will be introduced to contractors" with whom they could work.
Mehdi Bazargan, until late 2004 a vice president at PetroPars in charge of the company's engineering department, was made a senior deputy to Torkan at POGC