Baku, Azerbaijan, Jan. 9
By Fatih Karimov - Trend:
Iran's daily gas output will rise to 230 million cubic meters by March 2016, Iran's Oil Minister Bijan Namdar Zanganeh said.
Zanganeh said the country plans to pump up natural gas production at South Pars gas field to 100 million cubic meters (mcm) per day by the end of the current Iranian calendar year (started March 21, 2015).
It has been projected that the country's gas output will hit 180-190 mcm by the first half of the next year, he said, adding that if the necessary budget is provided, the gas output will further increase by 50 mcm.
In October 2013, Zanganeh announced that Iran plans to boost production in the South Pars gas field to overcome gas shortage in the country.
"We hope to add another 100 million cm/d to the country's national grid before the end of the year," Zanganeh told reporters.
He said that phases 12, 15, 16, 17 and 18 were among top priorities in the giant gas field, adding that phase 12 will be fully operational in the near future.
South Pars covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran's territorial waters in the Persian Gulf. The remaining 6,000 square kilometers are situated in Qatar's territorial waters.
The gas field is estimated to hold a significant amount of natural gas, accounting for about eight percent of the world's reserves, and approximately 18 billion barrels of condensate.
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