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| Iran raises South Pars daily output by 1mcm |
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.jpg) TEHRAN – Iran has increased production at the phases 4 and 5 of the South Pars gas field by 35 million cubic feet (about 1 million cubic meters) per day, IRNA quoted Pars Oil and Gas Company’s managing director Mohammadreza Zohairi as saying.
The production boost operations started in March, he added.
In July, Iranian Oil Minister Rostam Qasemi said development of the different phases of the South Pars gas field is going ahead despite the international sanctions against Iran’s nuclear program.
Qasemi further noted that six phases of the South Pars gas field have been developed by 62 percent in less than 35 months and four others by 50 percent, while building refineries for some of the phases has progressed more than 75 percent.
Iran is currently producing 300 million cubic meters per day of gas from the South Pars.
The South Pars gas field 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, i.e. North Dome, are in Qatar's territorial waters.
The Iranian gas field, which is divided into 29 phases, contains 14 trillion cubic meters of natural gas, about eight percent of the world's reserves, and more than 18 billion barrels of LNG resources.
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