Gas Processing Exceeds  200 Billion Cubic Meters
Gas Processing Exceeds  200 Billion Cubic Meters
Tuesday, June 12, 2018

Gas Processing Exceeds 200 Billion Cubic Meters

Tuesday, June 12, 2018

Gas Processing Exceeds 200 Billion Cubic Meters

Iranian gas sweetening facilities processed 214 billion cubic meters of natural gas in the last fiscal year (ended March 20, 2018), the National Iranian Gas Company's production manager said.
"The output indicates a hike of 9.3% compared with the corresponding period of 2016," Gholamreza Bahman-Nia was also quoted as saying by Shana.
The official added that the capacity of other byproducts, namely gas condensates, ethane and sulfur, also observed a year-on-year growth of 11%, 23% and 7.3%, respectively.
Bahman-Nia noted that enhancing the downstream sector is high on the Oil Ministry's agenda as it not only helps curb air pollution, but also raises the country's export of oil derivatives like mazut and diesel since power stations no longer rely on them as feedstock. Natural gas accounts for 70% of the country's energy basket. Iran holds 34 trillion cubic meters of natural gas reserves, the largest in the world ahead of Russia with 32.6 trillion cubic meters, according to BP estimates.


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