TEHRAN - Iran will boost its gas production output to 700 million cubic meters per day by March 2012, the deputy oil minister Mohsen Khojasteh-Mehr was quoted as saying on Monday.

“By the inauguration of South Pars gas field new phases, the production capacity of the country will rise by 100 million cubic meters in the current (Iranian) year, which will end in March 2012,” Khojasteh-Mehr told the Mehr News Agency.
Iran's gas production capacity is currently about 600 million cubic meters per day.
The South Pars gas field is located in the Persian Gulf in the border zone between Iran and Qatar. The field’s reserves are estimated at 14 trillion cubic meters of gas and 18 billion barrels of liquefied natural gas.
Oil Minister Masoud Mirkazemi said on Monday that Iran’s gasoline production capacity will reach 80 million liters per day by the end of the current calendar year.
The Mehr News Agency quoted Masoud Mirkazemi as saying that some 23 to 27 million liters would be added to the nation’s gasoline production capacity in the current year.
The country’s gasoline production output currently stands at 54.5 million liters per day.
The daily gasoline consumption of the country stood at 61.1 million liters at the end of the previous Iranian calendar year (March 21, 2010 to March 19, 2011), reflecting a 3.5-million-liter reduction compared with the corresponding period in its preceding year, Press TV reported.
Iran exported its first domestically produced gasoline to Iraq in September 2010. The country stopped the export of petrochemical products following the implementation of a crash program to boost gasoline production in domestic petrochemical units