TEHRAN (FNA)- Iran’s South Pars Special Energy Zone plans to increase its daily production before the end of the current Iranian year (ends March 20, 2014), a senior energy official announced on Monday.
“The gas output of the South Pars (field) will increase by 100 million cubic meters per day by the end of the year,” Deputy Managing-Director of the South Pars Special Energy Zone Abbas Dolatizadeh said today.
He underlined that Iranian Oil Minister Bijan Namdar Zanganeh has laid emphasis on the development of the South Pars phases.
“Assalouyeh as the country’s energy capital is moving towards development …,” Dolatizadeh said.
The official reiterated that more than 280 million cubic meters of gas from different phases of the South Pars is being presently exploited and this zone supplies 44 percent of Iran’s need to gas.
Pars Special Economic Energy Zone (PSEEZ) was established in 1988 for the utilization of South Pars oil and gas resources and encouraging commercial activities in the field of oil, gas and petrochemical industries.
South Pars gas field is a natural gas condensate field located in the Persian Gulf. It is the world’s largest gas field, shared between Iran and Qatar. According to the International Energy Agency (IEA), the field holds an estimated 1,800 trillion cubic feet (51 trillion cubic meters) of in-situ natural gas and some 50 billion barrels (7.9 billion cubic meters) of natural gas condensate.
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