Israel-Iran conflict: Which energy sites are impacted by air war so far?
[Editor's Note: Follow the KT live blog for live updates on the Israel-Iran conflict.]
Military strikes between Iran and Israel have prompted concern about potential damage and disruption to the region's important oil and gas fields and infrastructure.
Below are details about these sites and about how they have been affected so far:
South Pars gas field
Israel struck an installation at the South Pars offshore gas field on June 14 where Iran has partially suspended production. South Pars is part the world's largest natural gas reserve, which Iran shares with Qatar.
The attack struck four units of Phase 14 of South Pars, around 200 kilometres from Qatar's installations, many of which are joint ventures with international firms, including U.S. giants ExxonMobil and ConocoPhilips.
South Pars makes up around a third of the world's largest reservoir of natural gas. Iran shares the reservoir with major gas exporter Qatar, which calls its field the North Dome.
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Sanctions and technical constraints have meant most gas Tehran produces there is used domestically but it also exports some.
Iran exported about 15.8 billion cubic metres of gas in 2023, according to data by the Gas Exporting Countries Forum, a grouping of gas exporter nations.
The entire reservoir contains an estimated 1,800 trillion cubic feet of usable gas - enough to supply the world's needs for 13 years, or to generate enough electricity to supply the U.S. for more than 35 years.
Tehran fuel depot and oil refinery
Israel struck a Tehran fuel depot and an oil refinery near the capital on June 14, Iran said, but authorities said the situation was under control.
Haifa oil refinery
Israel's Bazan Group shut down its Haifa oil refinery, the country's largest, on June 16 after its power station was damaged in an Iranian attack. The refinery has a crude processing capacity of 197,000 barrels per day (bpd).
Iran's oil
Iran is OPEC's third-largest oil producer and extracts about 3.3 million bpd of crude oil, and another 1.3 million bpd of condensate and other liquids, totalling about 4.5% of global supplies.
Its exports in recent months have reached 1.8 million bpd, their highest level since 2018, data from Kpler showed, driven by strong Chinese demand.
Iran's production facilities are primarily in the southwest, in Khuzestan province, and in Bushehr province for gas and condensate from South Pars.
It exports 90% of its crude via Kharg Island.
The US tightened sanctions on Tehran in 2018 after US President Donald Trump exited a nuclear accord.
Analysts have said that oil prices could surge to over $100 a barrel due to the Israel-Iran air war, even though there is plentiful spare capacity and ample storage.
Iran's oil exports fell to nearly zero but rebounded under US President Joe Biden, with analysts saying sanctions were less rigorously enforced and Iran succeeded in evading them.
Iran is exempt from OPEC+ output restrictions and China does not recognise the sanctions imposed on Tehran, meaning some Chinese private refiners have been placed on the U.S. Treasury's sanctions list.
Analysts say Saudi Arabia and other OPEC members could compensate for any drop of Iranian supply by using their spare capacity to pump more.
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Mansoor Ibrahim Al Mansoori, Chairman, Department of Health - Abu Dhabi 12:05 12:45 Panel 'The Leap to Longevity: Forever Healthy' Moderated by Amandeep Bhangu, Presenter & Moderator Voice Media London H.E. Ibrahim Al Jallaf, Executive Director of Digital Health, Department of Health - Abu Dhabi Dr. Tiffany Vora, Expert & Singularity Fellow in Biotechnology, Singularity University and Non-resident Senior Fellow at the GeoTech Center for the Atlantic Council. PhD. Georges-Pascal Haber, CEO, Cleveland Clinic Abu Dhabi Dimitris Moulavasilis, CEO, M42 12:45 13:15 Panel 'Intelligence From Space: The New Frontiers on Earth' Moderated by Talal M. Al Kaissi, EVP, Chief Government Affairs & Partnerships Officer - Core42 & Group Chief Global Affairs Officer, G42 Karim Sabbagh, MD, Space42 H.E. Eng. Salem Butti Al Qubaisi, Director General, UAE Space Agency Greg Wyler, Founder, CEO & Chief Architect, E-Space 13:15 15:05 LUNCH BREAK 15:05 15:45 Panel 'AI-Native Nations: Smarter Lives Unlocked' Moderated by Brian Lott, Group Chief Communications Officer, Mubadala Opening Remarks by H.E. Dr. Mohamed Hamad Al Kuwaiti, Head of the UAE Cybersecurity Council Thomas Pramotedham, CEO, Presight Kiril Evtimov, Group CTO, G42 & CEO, Core 42 Rod Solaimani, Middle East Policy & Partnerships Lead, OpenAI 15:45 16:25 Panel 'Responsible Intelligence: Igniting The Future' Moderated Faheem Ahamed, Group CMO, G42 H.E. Ahmed Al Shamsi, CEO, Emirates Foundation Andrew Jackson, Group Chief AI Officer Baroness Joanna Shields, Founder and CEO of Precognition Natasha Crampton, VP, Chief Responsible AI Officer, Microsoft 16:25 16:30 Bee:Wild documentary presentation Faheem Ahamed 16:30 17:30 BREAK 17:30 18:00 Keynote 'The AI-Physical AI Revolution: More Than Humans' Alex Kipman, CEO, Analog 18:00 18:30 Fireside Chat 'AI First Organizations: Augmented Thought Leadership' Maymee Kurian, Group Chief Human Capital & Culture Officer, G42 Josh Bersin, Founder and CEO, The Josh Bersin Company 18:30 19:00 Closing Remarks Peng Xiao, Group CEO, G42 Sam Altman, Founder and CEO, OpenAI 19:00 21:00 DINNER Across breakfast, lunch, dinner, and everything in between, Supercharged guests will experience the Global Food Grid - a curated culinary journey celebrating the richness of global traditions. Guests can choose between four immersive dining paths, each inspired by a different region of the world: the Middle East and India, the Americas, Europe, and Asia. Performance by acclaimed composer David Chesky and his Jazz Trio band 21:00 00:00 EVENING ENTERTAINMENT 9:00 PM - 9:45 PM Raphy J, an Amsterdam-born open format DJ and music producer, will bring his global sound to the stage. With a career spanning London, New York, LA, and now Dubai, Raphy J is known for his genre-spanning performances—seamlessly mixing Pop, R&B, Afrobeats, House, Latin, Arabic, and Hindi music. His sets have lit up stages at venues like Expo 2020, Time Out Market, and the Museum of the Future. ABOUT G42 G42 is a technology holding group and a global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating worldwide, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities today. Media contact TrailRunner International – G42@
