|Sha’banpour named as new managing director of Pars Oil and Gas Company||
TEHRAN – Ali-Akbar Sha’banpour has been appointed as the new managing director of Pars Oil and Gas Company, which is tasked with the development of the South Pars gas field.
Sha’banpour replaced Mohammad-Reza Zohairi.
The South Pars/North Dome field is a gas field located in the Persian Gulf. It is the world’s largest gas field and is shared by Iran and Qatar. The field’s recoverable gas reserves are estimated to be equivalent to 215 billion barrels of oil. It also holds about 16 billion barrels of recoverable condensate.
The South Pars field, which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about eight percent of total world reserves.
Iran is currently producing 300 million cubic meters of gas per day from the South Pars field.
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