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News > South Pars Gas Production


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Iran Gas Production

South Pars Gas Production

Iran opens 12th phase of South Pars Gas Field

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TEHRAN (ISNA)- Iran inaugurated that 12th phase of South Pars Gas Field in a ceremony attended by President Hassan Rouhani and senior oil officials of the country

The 12th phase of the South Pars Gas Field would add 70 million cubic meters of gas to the country’s gas daily output

Iran made $7.5 billion investment for development of the phase, which would bring $18 million earning daily.South Pars, divided into 29 development phases, holds 40 tcm of natural gas, or 21% of world’s total gas reserves, and 50 billion barrels of condensate.South Pars 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 are situated in Qatar’s territorial waters

The gas field is estimated to contain a significant amount of natural gas, accounting for about eight percent of the world’s reserves, and approximately 18 billion barrels of condensate

 

 


11:54 - 30/06/2015    /    Number : 347107    /    Show Count : 302



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