Rouhani: Iran to increase gas output by 140 mcm/d by March 2017

Rouhani: Iran to increase gas output by 140 mcm/d by March 2017

Tehran, Iran, Aug 1

By Mehdi Sepahvand – Trend:

Iran's President Hassan Rouhani has voiced plans to boost the country’s gas output by 140 million cubic meters per day (mcm/d) by the end of the current Iranian year (to end March 20).

Addressing a conference on the 50th anniversary of the establishment of National Iranian Gas Company (NIGC) in Tehran, he underscored the need for developing Iran’s joint oil and gas fields with the neighboring countries, Trend's correspondent reported from the event.

Speaking about measures taken to develop South Pars gas field (joint with Qatar) over the past three years, he called for completing all phases of the giant gas field.

He expressed hope that with completing the development projects of the phases 18-21 in the South Pars gas field over the current Iranian year (to end March 21), the country’s gas output will increase by 140 million cubic meters per day.

Saying that the South Pars gas field provides 50 percent of the country’s gas requirements, he urged for further development of the gas field as it is a joint field with Iran’s southern neighboring country of Qatar and the Arab country continues to produce more gas at the field.

The president noted that the joint oil and gas fields are of high importance for the country and Iran should be equipped with the modern technologies in order to be capable of getting the most of the gas resources.

He also called for getting proper use of technologies for protecting the country's oil and gas resources

Rouhani further spoke about the achievements of the implementation of the joint comprehensive plan of action (JCPOA/ nuclear) saying as a result of the JCPOA the country’s oil and condensate exports reached about 2.5 million barrels per day.

On Jan.16, 2016, Iran implemented a deal with the P5+1 group regarding its nuclear program.

Saying that the implementation of the JCPOA has brought the country chances to get best use of modern technologies in developing its oil and gas industry as well as protecting its resources, Rouhani added that it is impossible to stand against the world’s major powers by the mean of nonsense slogans.

Additional reporting by Khalid Kazimov

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