Oil minister to inaugurate large gas projects

Business Materials 29 January 2010 11:54 (UTC +04:00)

Two large gas projects worth around $650 million will be officially put into operation tomorrow by Oil Minister Masoud Mirkazemi.

The Jahrom gas pressure boost station and the second section of the 8th cross-country gas pipeline are the projects which have been implemented by the Iranian Gas Engineering and Development Company, SHANA News Agency reported.

The second section of Iran's 8th cross-country gas pipeline is 463 kilometers long and has been launched at the cost of some $573 million while the Jahrom gas pressure boost station with a nominal capacity of 110 million cubic meters per day has been built at the cost of some $75 million.

According to Iran Petroleum Ministry, Iran''s proved natural gas reserves are about 1,000 trillion cubic feet, of which 33 percent are as associated gas and 67 percent is in non associated gas fields. It stands for world''s second largest reserves after Russia.