Baku, Azerbaijan, Apr. 15
By Fatih Karimov – Trend:
Iran has exported $1.5 billion worth of gas and gas condensates from South Pars Phase 19, Hossein Pilehchian Langroudi, head of the onshore refinery of the phase said, SHANA news agency reported Apr. 15.
Over 69 percent of the equipments used in the development phase of the gas field are Iranian-made, he added.
So far seven million barrels of gas condensates has been produced in the Phase 19, of that about 6.7 million barrels have been exported to target markets.
Iran started gas condensate export from the phase in June 2016.
Phase 19 of South Pars gas field has injected 5.5 billion cubic meters of gas into the national gas grid so far.
Phase 19 development of South Pars is set to produce 56 million cubic meters per day (mcm/d) of gas, 80,000 b/d of gas condensate, 400 tons a day of sulfur, 1.05 million tons a year of liquefied petroleum gas and one million tons a year of ethane.
According to statistics, each standard phase of the gas field will produce around 8 billion cubic meters of gas per year, valued at $2 billion.
South Pars, located in southern region, is divided into 24 development phases, and contains 40 trillion cubic meters of natural gas.
It 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 in Qatar's territorial waters.