Extraction plan for Iran's South Pars gas field determined
BAKU, Azerbaijan, September 23
By Elnur Baghishov – Trend:
The gas extraction from the Iran-Qatar South Pars gas field (called North dome in Qatar) is planned to be 99 percent in the second half of the current Iranian year (from September 22, 2020 to March 21, 2021 and the first half of next Iranian year (March 21 - September 22, 2021), said Yahya Rashidi, Deputy Director of Iran’s Pars Oil and Gas Company (POGC), Trend reports referring to the POGC.
Accroding to the Rashidi, the main reasons for the low extraction from the South Pars gas field in the first half of the current Iranian year (March 20-September 21, 2020) were the application of certain restrictions on the activities of the downstream industry and the refineries of the South Pars Gas Company (SPGC).
The deputy director added the representatives of the National Iranian Oil Company (NIOC) and the National Iranian Gas Company (NIGC) will hold necessary discussions in this regard.
Rashidi emphasized that more than 70 percent of Iran's gas production is supplied by POGC.
The South Pars gas field is a joint gas field of Iran and Qatar. The proven reserves of the South Pars Gas Field are estimated at 51 trillion cubic meters of gas, of which 36 trillion are extractable. Iran has so far spent $33 billion on projects of the South Pars gas field.
Around 75 percent of Iran's gas is supplied by this field.