Iran’s president rigid about raising oil and gas production

TEHRAN (FNA)- Iranian President Hassan Rouhani said rising oil and gas is a top priority of his administration.

Speaking about the main internal and external issues the country is facing including economic issues, Rohani said swift development of South Pars gas field phases 12, 15, 16, 17 and 18 were the main topic on the agenda. He expressed hope the phases could come online in next months. Citing Iranian oil minster’s remarks, the president said it is expected gas production to rise by 30 million cubic meters per day before the end of current year to March 20 2014.

“The country’s oil production has edged down recently but the administration will try to take it back to 4 million barrels a day,” Rouhani said.

“The government is also seeking ways to raise oil exports and believes having proper production capacity is strategically important for the country,” he added.

Meanwhile Petroleum Minister stated that Petroleum Ministry has placed boosting gas exports on the agenda and has devised a plan for rising gas exports as of 2015.

Speaking at a ceremony for introducing new head of National Iranian Gas Company (NIGC), Iranian Oil Minister Bijan Namdar Zanganeh stressed on the importance of developing South Pars gas field’s phases adding gas transfer network of the country should also be expanded so that facilitate interconnection between gas pipelines across the country in a bid to cover each other needs if necessary.

Zanganeh said that structural hurdles in the way of gas storage should be removed so that gas storage capacities to rise and guarantee sustainability of gas delivery in the network. He expressed hope breakthroughs in this regard in near future.

Elsewhere in his remarks Zanganeh underscored the importance of expanding CNG stations across the country.

‘‘If we raise CNG consumption by 30 million cubic meters per day it will save gasoline consumption considerably that will be great advantage for the country,” Zanganeh said.

By Fars News Agency


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