Iran’s Petropars developing South Pars gas field after withdrawal of foreign companies

The offshore field, which Iran calls South Pars and Qatar calls North Field, is shared between Iran and Qatar. (File/AFP)
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Updated 25 January 2020

Iran’s Petropars developing South Pars gas field after withdrawal of foreign companies

DUBAI: Iran’s Petropars will develop phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil major Total and the China National Petroleum Corp (CNPC), Iran’s oil minister was quoted as saying on Saturday.
“Now with the exit of the other two companies from the contract, Petropars has completely taken their place and the development of the first unit of phase 11 of South Pars has been given to this company,” Bijan Zanganeh was quoted as saying by ICANA, the Iranian parliament’s news site.
The offshore field, which Iran calls South Pars and Qatar calls North Field, is shared between Iran and Qatar.


Emirates Skycargo deploys capacity to supply food, medicines in UAE

Updated 29 min 52 sec ago

Emirates Skycargo deploys capacity to supply food, medicines in UAE

  • The UAE imports 90 percent of its food
  • The cargo organization said it transported between mid-January and mid-March more than 225,000 tons of cargo

DUBAI: Emirates Skycargo said on Wednesday that it deploys capacity to supply and replenish food and medicines in the UAE, as rulers role out strategies to sustain the country amid the coronavirus pandemic, Reuters news agency reported.

The national cargo organization said it transported between mid-January and mid-March more than 225,000 tons of cargo in total out of which 55,000 tons were food items including fruits, vegetables, meat and seafood, and more than 13,000 tons were pharmaceutical. 

Since the UAE imports 90 percent of its food, food security is a top priority. The annual food security costs of the country is $3.53 billion annually.

Earlier this week the UAE announced a strategic food security law that ensures adequate and uninterrupted food supplies through wholesalers and retailers across the UAE at all times, Khaleej Times reported. 

The law seeks to regulate the strategic stock of food commodities in the country in the event of crises, emergencies and disasters and offers incentives and facilities to registered providers and merchants.