POGC Reviews South Pars Gas Production, Sales

Annual natural gas extraction from the giant South Pars Gas Field in the Persian Gulf has rocketed by a massive 2,000% over the last 18 years, the managing director of Pars Oil and Gas Company, a subsidiary of the National Iranian Oil Company, said.
“In 2002, roughly 12 billion cubic meters of gas were extracted from the field. Nonetheless, the figure experienced an upward trend and stood at 255 bcm in 2020,” Mohammad Meshkinfam was also quoted as saying by IRNA.
NIOC has generated almost $355 billion in revenues over the period by selling the gas field’s products, including gas condensates, natural gas and its derivatives, he added.