IFP – Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said Iran has so far recovered 1,060 billion cubic meters of natural gas from the supergiant South Pars Gas Field, adding the recovery has fetched Iran over 191 billion dollars in revenue.
He expressed hope that launching new development projects at the field will bring Iran’s revenues from it close to that of Qatar.
In the year Iran produced 285 mcm/d while it is now recovering 570mcm/d, he added.
Iran has so far invested 71 billion dollars for developing the gas field of which $19b has been procured by domestic investors and the rest were supplied by dipping into the National Development Fund of Iran (NDFI), banks, bonds, etc. he added.