April 13 Iran, the world's fifth-largest crude
oil exporter, is under pressure to cease its nuclear programme
as the West steps closer to imposing a tougher sanctions regime
on the Islamic republic.
The following are some details about Iran's principal energy
partners and joint projects:
* CHINA - Iran is the third-largest crude oil supplier to
China. For the whole of 2009, China imported some 460,000
barrels per day (bpd) of crude from Iran, about 15 percent more
than contracted supplies.
- In 2010, Zhuhai Zhenrong Corp, the world's largest single
lifter of Iranian crude, agreed to purchase 240,000 bpd from the
OPEC member. The levels were similar to the 2009 supply deal.
Zhenrong supplies most of the Iranian oil it purchases to
China's Sinopec Corp (0386.HK) (600028.SS), Asia's largest
- Sinopec has extended a separate purchase deal for 2010
with the National Iranian Oil Company (NIOC), with volumes
steady or higher than the estimated 160,000 bpd levels in 2009.
China, Asia's No.1 fuel oil buyer, has reduced most of its
fuel oil imports from Iran. Traders said China cut purchases due
to what it saw as uncompetitive prices from Iran. In 2009,
China's Iranian fuel oil imports fell 64 percent to 434,000
* INVESTMENT - China's National Petroleum Corporation
(CNPC) clinched a $4.7 billion deal this year to develop phase
11 of its South Pars, replacing France's Total (TOTF.PA). CNPC
beefed up its staff in Iran late last year to around 60, even as
western oil firms scaled down their staff.
- CNPC signed a $2 billion, 12-year deal with the National
Iranian Oil Company in 2009 to develop the North Azadegan
oilfield to boost capacity there to 120,000 bpd.
- CNPC signed a memorandum of understanding for development
of the South Azadegan field in July 2009. Under that deal, it
would pay 90 percent of the costs of a $2.5 billion project.
- CNPC is in talks with Iran for a $3.6 billion deal to buy
LNG from Phase 14 of South Pars project. CNPC is also in talks
to explore and develop energy reserves in Iran's Caspian.
- China's Sinopec Group finalised a $2 billion pact to
develop Iran's huge Yadavaran field in December 2007.
- The China National Offshore Oil Corp (CNOOC) is in talks
to finalise a $16 billion deal to develop the North Pars gas
field and build a liquefied natural gas (LNG) plant.
* INDIA - India imported 426,360 bpd of Iran's oil in the
fiscal year 2008/09, or 9.5 percent more crude versus a year
- Iran was India's second-largest supplier. India has
supplied Iran's imported oil gasoline and diesel.
- Reliance Industries (RELI.BO) will cease imports from Iran
in the new financial year, while Mangalore Refinery and
Petrochemicals Ltd MRPL will cut imports from Tehran by 8.5
percent to 130,000 bpd for 2010/11.
* INVESTMENT - In December Iran offered Indian firms ONGC,
the Hinduja Group and Petronet LNG (PLNG.BO) a 40 percent
interest in the development in the South Pars Phase 12 project
and Iran LNG. ONGC has said it was studying the viability of the
proposals and would follow New Delhi's policy on Iran.
- India had been part of the $7 billion so-called "peace
pipeline" gas project, but stayed away from talks last year as
it wanted a bilateral deal with Pakistan on transit costs first.
Iran said in May India could still join the project.
* JAPAN - In 2009, Iran exported about 421,000 bpd of crude
to Japan. It was overtaken by Qatar, however, as Japan's
third-largest crude supplier.
- Many of Japan's top refiners buy Iranian crude, including
Showa Shell Sekiyu (5002.T), Nippon Oil 5001.T, Japan Energy,
Cosmo Oil 5007.T. Trading house Toyota Tsusho (8105.T) also
has a deal to buy crude from the Islamic republic.
- Many of these refiners have cut back on their imports from
Iran as the country's oil demand has contracted. Japanese
refiners have cut processing runs due to low profit margins.
* INVESTMENT - Japan's INPEX holdings saw its 75 percent
stake in Iran's huge Azadegan oilfield cut to 10 percent in 2006
when talks fell through on a development plan.
* SOUTH KOREA - In 2009 Iran exported 81,446 bpd of crude to
South Korea, 12 percent up versus the previous year, while
maintaining its rank as South Korea's fourth-largest crude
supplier after Saudi Arabia, the UAE and Kuwait, according to
the data from Korea National Oil Corp.
- South Korea's top refiners which buy Iranian crude include
SK Energy (096770.KS) and Hyundai Oilbank.
* MALAYSIA - Malaysia's SKS group signed a gas deal worth
$14 billion with NIOC in December 2008.
The deal involves a project to produce LNG and the
development of two gas fields, Golshan and Ferdows. Exports of
crude and 120,000 barrels of gas condensates are also part of
- State oil firm Petronas remains one of the principal
suppliers of gasoline to Iran.
* INDONESIA - State oil firm Pertamina said in March 2009 a
refinery joint venture project with Iran may be delayed until
2016 from 2010.
In 2006, Pertamina's unit PT Elnusa signed a preliminary
deal with National Iranian Oil Refining and Distribution Company
to build a 300,000-barrels-per-day oil refinery in Indonesia.
* RUSSIA - Russia is building Iran's first nuclear power
plant and supplying the fuel it will use.
INVESTMENT -- Russia state controlled energy giant Gazprom
GAXP.MM agreed in February 2009 to take on new projects in
Iran, including a bigger role in South Pars and drilling for
oil. Gazprom has invested about $4 billion in Iran since 2007
and was involved in an earlier phase at South Pars.
* FRANCE - Oil giant Total (TOTF.PA) was replaced by China's
CNPC on the South Pars field in 2009. The French major is also a
key supplier of gasoline to Iran, along with Malaysia's
* ITALY - Prime Minister Silvo Berlusconi said in February
that ENI SpA (ENI.MI) had cancelled an unspecified third
development phase in Iran, which analysts said was the Darkhovin
field. An Iranian official later said ENI had not withdrawn.
* GERMANY - In 2006, Germany's ABB Lummus signed a $512
million contract with NIOC and a consortium of Iranian companies
to develop the Bandar Abbas refinery. The group intends to raise
gasoline production to 13 million litres per day from 4.8
million litres currently.
* POLAND - Polish gas monopoly PGNiG PGNI.WA has signed a
preliminary deal with Iran's Offshore Oil Company to cooperate
on managing already-discovered gas reserves.
* SPAIN - Repsol (REP.MC) had planned to participate with
Shell in developing South Pars and building an LNG plant, but
Shell pulled out in 2008. Iran had given a deadline last May for
Shell and Repsol to clarify their involvement in the project.
* SWITZERLAND - Swiss energy group EGL signed a 25-year gas
purchase deal worth over $13 billion with Iran last year.
* TURKEY - Turkey signed a preliminary deal in November 2008
for gas to be exported to Europe through Turkey and for Turkey
to produce gas in the South Pars field. The investment would
amount to $3.5 billion.
* UNITED KINGDOM - Oil major Royal Dutch Shell (RDSa.L)
pulled out of Phase 13 of the giant South Pars gas field in 2008
but said it may yet join later development stages there.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ For more stories on political upheaval in Iran, click on:
For full coverage of a U.S.-hosted nuclear summit, click on:
(Compiled by Luke Pachymuthu and Simon Webb in Dubai, Chen
Aizhu in Beijing, Cho Meeyoung in Seoul, James Topham in Tokyo
and Bangalore Editorial Reference Unit; editing by Sue Thomas)