TEHRAN, May 13 (MNA) – Pars Oil & Gas Company (POGC) and Oil Industry Engineering and Construction Company (OIEC) are to sign a contract next week to develop the giant South Pars gas field phases 20 and 21, POGC managing director said here on Wednesday.

The Mehr News Agency quoted Ali Vakili as saying that, “A consortium led by Iranian companies will implement the project.”

 

“The two mentioned phases would come on stream at an estimated cost of $5.5 billion,” he added.

 

South pars gas field’s phases 20 and 21 are projected to produce 50 million cubic meters of gas, 80,000 barrels of gas condensates, and 400 tons of sulfur per day and 1 million ton of ethane, and 1.5 million tons of liquid propane per year.

 

Refineries for these phases will be constructed in the second site of Pars Special Economic Zone, near Kangan port, in southwestern Bushehr province.

 

South Pars field is a gas condensate field located in the Persian Gulf. It is the world’s largest gas field, shared between Iran and Qatar.

 

This gas field covers an area of 9700 square kilometers, of which 3700 square kilometers (South Pars) is in Iranian territorial waters and 6000 square kilometers (North Dome) is in Qatari territorial waters.

 

MF/MRK

END

MNA

News Code 33739

Your Comment

You are replying to: .
  • 7 + 5 =