Tehran, Iran, April 17
By Mehdi Sepahvand - Trend:
Iran will increase gas output from South Pars to 630 million cubic meters per day by next March, said Oil Minister Bijan Zanganeh, Shana news agency reported April 17.
South Pars is part of a huge offshore field, shared with Qatar in the Persian Gulf. The field is estimated to hold about 8 percent of the world’s natural gas reserves.
Iran’s President Hassan Rouhani officially inaugurated 10 major oil, gas, and petrochemical projects worth $20 billion in South Pars on April 16.
Five phases of the South Pars gas field, four petrochemical projects, as well as the South Pars’ oil layer came on stream that day.
South Pars is divided into 24 standard phases, each is projected to produce 25 million cubic meters of gas per day.
The five newly inaugurated phases, namely 17-21, will add 150 mcm to the country’s current daily gas output of about 570 mcm/d to push Iran’s gas extraction from the joint field up to equate that of Qatar.