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Four Phases of Iran's South Pars Gas Projects Come on Stream

Four Phases of Iran's South Pars Gas Projects Come on StreamFour Phases of Iran's South Pars Gas Projects Come on Stream

Four phases of the giant South Pars Gas Field off the Persian Gulf were officially launched Sunday in the presence of President Hassan Rouhani and Oil Minister Bijan Namdar Zangeneh.
Speaking at the inauguration of Phases 13 and 22-24, Rouhani said Iran invested $11 billion in the development of the four phases. 
Each phase produces 56 million cubic meters per day of sour gas, 50 mcm/d of methane, 400 t/d of sulfur and 75,000 barrels of gas condensate, as well as 1 million tons of LPG and the same volume of ethane per year.
The president referred to other projects launched in the outgoing fiscal that have helped increase gasoline output to levels where there is need for imports.
Projects in Bandar Abbas Oil Refinery and Persian Gulf Star Refinery, both in Bandar Abbas, Hormozgan Province, raised the refineries’ output and helped complete the value-added chain in the key oil and gas industries.
Addressing a press conference in Asalouyeh, Bushehr Province, Zanganeh said the country would be producing over 750 million cubic meters of natural gas from all South Pars phases by March 2021, the Oil Ministry news website Shana reported.
South Pars is the world's largest gas field, shared between Iran and Qatar, covering 3,700 square kilometers of Iran's territorial waters in the Persian Gulf.
With the new phases now operational, 23 phases have come on stream and only Phase 11 remains incomplete.

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