Iranian refineries process 43BCM of natural gas in spring

Business Materials 6 July 2015 15:53 (UTC +04:00)

Baku, Azerbaijan, July 6

By Fatih Karimov - Trend: Iranian refineries processed 43 billion cubic meters of natural gas in spring despite undergoing maintenance operations, said Abdolhossein Samari, the deputy director of National Iranian Gas Company.

The refineries also produced 48 million barrels of gas condensates, 739 metric tons of liquefied petroleum gas (LPG), 253,000 metric tons of sulfur, and 398 metric tons of ethane, Iran's Shana news agency quoted Samari as saying July 6.

In the past Iranian fiscal year, which ended on March 20, Iranian refineries produced 168 billion cubic meters of gas, 150 million barrels of gas condensates, one million metric ton of sulfur, two million metric tons of LPG, and 1.5 million metric tons of ethane, he noted.

NIGC Managing Director Hamid Reza Araghi has said that Iran would see its gas production reach 1 billion cubic meters a day (bcm/d) in three years as new phases of the gigantic offshore South Pars gas field are coming on stream.

Iran's current raw gas production level is reportedly about 660 mcm/d. The country has developed 10 phases of the giant South Pars gas field, which share about 8 percent of total conventional global gas reserves, while phases 12, 15 and 16 are commenced with half capacity.

By inaugurating a number of phases of the South Pars gas field, Iran boosted its gas production by 100 million cubic meters per day in the past Iranian fiscal year, which ended on March 20. The country plans to increase gas production by the same volume this year.

Edited by CN