South Pars gas production to improve drastically

TEHRAN, Mar. 09 (MNA) – Oil minister has said production of natural gas in South Pars in a shared field with Qatar will amount to 600 million cubic meters per day.

Mr. Bijan Namdar Zanganeh who was speaking to the press earlier on Thursday during opening of 5 highly pressurized gas facilities, said that gas production had drastically improved in the last 4 years, almost doubling and soaring to 300 million cubic meters per day; “since the new cabinet had sworn in in the August 2013, 10 phases of South Pars opened; another 11 new phases are planned to start operation by the time the new cabinet assumes office in August 2017,” he told reporters.

Conspicuously providing data on the government’s achievements in his term in ministry, Namdar Zanganeh also added that an ambitious plan to build 1000km of gas pipeline should receive investment to close the gap between utilities and the production platforms; “operation of each 56-inch caliber pipeline and the relevant pressurized systems will add another 110 million cubic meters of transfer of gas to the national grid; with drastically high as 600 million cubic meters per day of gas production, 6 such pipeline will be required to transfer gas from the south to extreme northern points of the country,” he rejoiced to tell the press.

Cabinet minister also believed that all investments attracted was to address and tackle the pressing issue of inordinately high production in the other end of the field in Qatar and to redeem Iran’s share by technologically improving the outdated production facilities; “each pressurized system costs $ 100mn to be installed; during past 3 years, $ 810mn had been invested in pressurized systems and the 8th national pipeline; in 2013, power plants burned oil products worth $ 18bn; now, 6-7 per cent of this amount is saved through providing power plants with cheaper natural gas as feed, thus decreasing the oil-related products in power plant to 10 per cent in total, which would be still less, about 8 per cent,  if the situation in South Pars was more ideal than it is today,” he detailed.


News Code 124119


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