Bushehr, Jan 11, IRNA – President Hassan Rouhani arrived in Assalouyeh on Monday morning in this southern province to inaugurate two new phases of the South Pars Energy Zone.


Upon arrival at Persian Gulf airport in Assalouyeh, President Rouhani was warmly welcomed by a number of provincial officials.

Phases 15 and 16 of the South Pars Gas Field, Bushehr province, will be launched on Monday in a ceremony to be attended by the president.

Several high-ranking Iranian officials are accompanying President Rouhani during his visit.

Once fully launched, the phases’ daily production will include 56.6 mcm of natural gas, 75,000 barrels of gas condensate and 400 tons of sulfur.

They are also expected to produce 1.05 million tons of liquefied petroleum gas (butane and propane) and 1 million tons of ethane per annum.

The phases will raise the country’s revenues $20 million per day. Also, given that most Iranian petrochemical units are currently suffering from a shortage of ethane, the phases can mark a turning point in providing feedstock to domestic petchem complexes.

Since December 2013, the phases have produced 15.5 billion cubic meters of natural gas, 14 million barrels of gas condensates, 3,000 tons of sulfur and more than 5,000 tons of ethane.

The phases’ development projects were implemented by a consortium of Iranian companies.

By IRNA