Iran’s South Pars annual gas output hits 86bcm
Azerbaijan, Baku, Mar. 27/ Trend F.Milad/
Some 86 billion cubic meters (bcm) of natural gas was produced in the South Pars gas field, south of Iran, last Iranian calendar year, which ended on March 19, the Pars Oil and Gas Company's managing director said.
Shana news agency quoted Mousa Souri as saying that the output is valued at around $40 billion.
The gas field's output was increased by 6 million cubic meters per day last year compared to the previous year, he added.
Three new refineries will become operational in the South Pars gas field, which will increase the field's output to 17 billion cubic meters per year by 2015, the South Pars Gas Complex's managing director said in February.
Ali-Akbar Shabanpour told Fars news agency that the daily output of the South Pars gas field will reach 480 million cubic meters from 290 mcm.
The South Pars gas field is shared by Iran and Qatar. The Iranian share, which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.
Iran ranks second on the world's largest natural gas reserves after Russia.