Iran to Increase Gas Extraction from Two South Pars Phases

TEHRAN (Tasnim) – Daily gas extraction from South Pars phases 17 and 18 will reach 25 million cubic meters in a month, South Pars contractor said.

Iran to Increase Gas Extraction from Two South Pars Phases

Referring to the start of extraction from phase 18 since yesterday, the CEO of Industrial Projects Management of Iran (IPMI) company added that currently 12.5 million cubic meters of gas are extracted from these two phases, but this will increase to 25 million until the early January.

Emami mentioned that the Iranian oil minister was surprised to see the rapid progress of these two phases, and added, “This was why the President announced that the annual gas extraction from South Pars will hit 140 million cubic meters.”

South Pars gas field is one of the largest independent gas reservoirs in the world lying on the territorial border between Iran and the Persian Gulf State of Qatar. It is one of the country's main energy resources.

This gas field covers an area of 9700 square kilometers, of which 3700 square kilometers belongs to Iran.

 

Most Visited in Economy
Top Economy stories
Top Stories