South Pars gas complex ready to supply 44 per cent of Iran’s total gas consumption

Iran Materials 27 November 2013 15:43 (UTC +04:00)

Baku, Azerbaijan, Nov. 27

By Rahim Zamanov - Trend:

Iran's South Pars gas complex is ready to supply enough gas to meet 44 per cent of the country's total gas consumption in the coming winter, Managing Director of the South Pars Gas Complex Masoud Hasani said on November 27.

"Some 285 million cubic meters of gas per day is being refined at Iran's South Pars gas field," he said.

"Some 200 million cubic meters is being pumped to the national gas network, while 80 million cubic meters is being transferred to the Fajr-e Jam and Bidboland refineries in order to be injected to oil wells," the Fars News Agency quoted Hasani as saying.

He went on to note that the South Pars gas field is the biggest producing field in the country.

According to Hasani, some 400,000 barrels of gas condensates, 500 tons of sulphur, 51.5 tons of LPG and 400 tons of ethane are also being produced by the South Pats Gas Complex.

Iran which sits on the world's second largest natural gas reserves after Russia, has been trying to enhance its gas production by increasing foreign and domestic investment, especially in its South Pars Gas Field.

The South Pars/North Dome gas field is shared by Iran and Qatar. The Iranian share (South Pars), which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about eight per cent of the total world reserves and more than 18 billion barrels of liquefied natural gas resources.

The country also holds the world's third largest proven oil reserves.

The country's total in-place oil reserves have been estimated at more than 560 billion barrels with 140 billion barrels of extractable oil. Moreover, heavy and extra heavy varieties of crude oil account for roughly 70-100 billion barrels of the total reserves.