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Iran’s ICOFC gas output rises by 27 mcm

Business Materials 4 November 2014 14:22 (UTC +04:00)

Tehran, Iran, Nov. 4

By Milad Fashtami - Trend:

Iranian Central Oil Fields Company has increased its gas production by 27 million cubic meters to help meet the country's domestic consumption in winter.

Salb'ali Karimi, ICOFC's managing director, said that the company will keep the rate of production until the South Pars gas field's phases come on stream, the National Iranian Oil Company's official website reported on Nov. 4.

Iran faced severe gas shortage last winter. The country was forced to cut gas supply to industrial units and petrochemical complexes on several occasions.

Houshang Taheri, an official with the National Iranian Gas Company, said on Nov. 2 that Iranian households' gas consumption is expected to reach 350 million cubic meters per day by Nov. 5, Iran's SHANA News Agency reported.

He went on to note that the figure was around 120 million cubic meters per day at the end of September.

"The number of subscribers to the national network has increased by 8 percent compared to the same period of the previous year," Taheri said.

The Managing Director of Iran's Natural Gas Storage Company Masoud Samivand said on Oct. 29 that the country is able to pump 20 million cubic meters of gas per day from Sarajeh and Shoorijeh gas storage facilities to the country's national gas network in cold months.

"If the temperatures continue to drop the country will start extracting gas from storage facilities in two weeks," he said, Iran's IRNA News Agency reported on Oct. 29.

Samivand said on Oct. 27 that some 2 billion cubic meters of gas have been stored in the country's storage facilities, Iran's ILNA News Agency reported.

According to BP's latest yearly report, Iran's dried gas output is about 160 bcm, a little more than domestic consumption level.

Iran exported 7.5 bcm of gas to Turkey and imported 4.5 bcm gas from Turkmenistan in 2012, according to BP's report.

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