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Iran’s non-associated gas fields produce 300 mcm per day

Oil&Gas Materials 12 November 2011 14:45 (UTC +04:00)

Azerbaijan, Baku, Nov.12 / Trend F.Milad/

Iran's daily gas output at its non-associated fields has reached 300 million cubic meters, the Iranian Central Oil Field Company's managing director Mehdi Fakour stated.

Mehdi Fakour told Mehr news agency that the output at joint gas fields hit 250 million cubic meters per day. For the next two years, the output at the non-associated fields will be more than at the joint fields. This issue is not in line with objectives of the fifth five-year development plan (2010-2015), he added.

It should be stressed that Iranian central oil fields have the capacity to produce 325 million cubic meters of gas per day, Mehr news agency said.

Iranian oil minister said that the country's gas output will reach 1.47 billion cubic meters per day by 2015 (end of the fifth five-year development plan).

Rostam Qasemi told IRNA news agency that the current gas output is 630-650 million cubic meters per day.

Iran paid special attention to boosting gas production capacity from its joint oilfields with Qatar and Saudi Arabia, minister said.

Iran has implemented a crash plan to boost natural gas output at the phase 1 of the South Pars gas field, which is associated with Qatar in the Persian Gulf.

Iran ranks second on the world's largest natural gas reserves after Russia. It is trying to increase its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.

The field has 14 trillion cubic meters of natural gas (about 8 percent of the world's reserves) and more than 18 billion barrels of liquefied natural gas (LNG) resources.

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