BAKU, Azerbaijan, Dec. 16
By Elnur Baghishov – Trend:
The gas extracted from the 14th phase of Iran-Qatar joint South Pars gas field (called North Dome in Qatar) is processed at 9th refinery, Managing Director of Iran's Pars Oil & Gas Company (POGC) Mohammad Meshkinfam said, Trend reports citing National Iranian Oil Company’s website.
Meshkinfam emphasized that at present, up to one-third of gas is not extracted from the 12th phase of the South Pars gas field due to reservoir conditions. So, the rich gas extracted from this phase currently, is less than 1 billion cubic feet (about 28.3 million cubic meters).
The director added that the 14th phase’s gas is used to supply fuel to the 9th refinery. If the 14th phase’s gas was not used, two-third of the plant would be unused.
“A refinery is currently under construction in connection with the 14th phase. It is hoped that the refinery will be launched by the beginning of next Iranian year (March 21, 2021),” he said.
Meshkinfam noted that the daily gas extraction potential from the 14th phase is 56 million cubic meters.
The South Pars gas field (called North Dome in Qatar) 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 $80 billion on projects of the South Pars gas field.
Iran extracted 570 million cubic meters of gas per day from this field in the last Iranian year (from March 21, 2019, to March 20, 2020).
The South Pars gas field has the potential to produce daily 700 million cubic meters of gas and Iran is currently extracting 630 million cubic meters of gas per day from the gas field.
The rich gas extracted from this gas field is processed at the refineries of the South Pars Gas Company of Iran (SPGC).