Iran to commission large gas pipeline in Persian Gulf
Azerbaijan, Baku, Feb. 25/ Trend F.Milad/
Iran will soon launch a 300-kilometer pipeline in the Persian Gulf, carrying natural gas from the Salman oilfield to petrochemical plants in Assalouyeh, Mehr news agency reported.
Iran plans to increase oil output at Salman field, which is associated with the UAE, by 14,000 barrels per day and maintaining gas output at 500 million cubic feet per day.
Iran plans to increase natural gas and crude oil production by 5 percent and 20 percent in the next calendar year, which starts on March 20, the National Iranian Oil Company's managing director Ahmad Qalebani said on February 22.
He added that the NIOC has concluded the contracts worth $25 billion this year and that the global sanctions have not slowed down the speed of implementing development projects.
Previously, he said that the country's daily oil and gas outputs should amount to five million barrels and 1.47 billion cubic meters by 2015.