Gas extraction from the giant South Pars Gas Field in the Persian Gulf increased 150% over the last decade, managing director of Pars Oil and Gas Company said.
“Output capacity has approached 700 million cubic meters. In 2010 it was 280 mcm/d,” Mohammad Meshkinfam was quoted as saying by the Oil Ministry news website.
POGC, a subsidiary of the National Iranian Oil Company, oversees developments of the major gas field. South Pares is divided into 24 phases, all of which except Phase 11 are operational.
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