BAKU, Azerbaijan, Dec. 30
By Elnur Baghishov – Trend:
The two gas condensate storage facilities of the 12th refinery of Iran’s South Pars Gas Company (SPGC) are ready for operation, Managing Director of Iran's Pars Oil & Gas Company (POGC) Mohammad Meshkinfam said, Trend reports citing the POGC’s website.
Meshkinfam noted that according to the plan, the third storage facility will be ready for operation by the end of the current Iranian year (March 21, 2021).
The director added that the preparations are underway at present in the relevant units of the refinery, and the 12th refinery will be launched by the end of the current Iranian year (March 21, 2020).
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 the 14th phase of the South Pars gas field will be processed by the 12th refinery of SPGC.