Baku, Azerbaijan, Nov. 23
By Dalga Khatinoglu – Trend:
Iran’s gas condensate output reached 13.7 million cubic meters (equals 86.17 million barrels) in five months of current fiscal year, which indicate 46 percent growth compared to the same period in three years ago, according to an official document prepared by Oil Ministry and seen by Trend.
The mentioned volume equals 556,000 barrels per day, which share about 13 percent of Iran’s total oil production.
Iranian president Hassan Rouhani took office in mid-2013.
The report said during first five months of three years ago (March 20-August 21, 2013), Iran’s gas condensate output was 9.4 million cubic meters (59.12 million barrels or 317,000 barrels per day).
Nearly all of Iran’s gas condensate production came from South Pars gas field, only several phases of which were inaugurated until 2005. During Ahmadinejad’s presidency, the number of active phases reached 10. During Hassan Rouhani’s presidency, started in mid-2013, several new phases of South Pars started production.
Iran is planning to increase gas condensate output by 1 mb/d by 2021 after all 24 phases of South Pars become operational.
Iran’s oil and gas output stands at about 4.2 mb/d. Iran plans to increase this volume to 5.7 mb/d by 2021, the report said.