Official: Iran's Daily Gas Production Rising by 100mcm/d
TEHRAN (FNA)- Iran's gas production will rise by 100 million cubic meters per day (mcm/d) this year (started March 21) after launching the South Pars gas field phases 12, 15 and 16, head of the National Iranian Oil Company (NIOC) Ahmad Qalebani said.
"According to plans, the country's gas production capacity will increase by 100 million cubic meters per day by the end of the year," Qalebani said on Saturday.
He noted that phase 12 has already come online while phases 15 and 16 will become operational by the end of the year.
Qalebani said production of oil and gas from shared fields was one of the main priorities of the company over the current year.
He added that by launching the three mentioned phases of South Pars not only total gas production would climb considerably but also production of other by-products will rise for consumption either domestically or for exports.
Iran is currently producing 300 mcm/d of gas from South Pars.
Pars Special Economic Energy Zone (PSEEZ) was established in 1988 for the utilization of South Pars oil and gas resources and encouraging commercial activities in the field of oil, gas and petrochemical industries.
South Pars gas field is a natural gas condensate field located in the Persian Gulf. It is the world's largest gas field, shared between Iran and Qatar. According to the International Energy Agency (IEA), the field holds an estimated 1,800 trillion cubic feet (51 trillion cubic meters) of in-situ natural gas and some 50 billion barrels (7.9 billion cubic meters) of natural gas condensate.