$50b Needed to Boost Gas Output

An estimated $50 billion is needed to develop and maintain gas fields across Iran over the next 20 years, managing director of Pars Oil and Gas Company, a subsidiary of the National Iranian Oil Company said.
“Of the total investment about $30 billion would be for projects in the giant South Pars gas field,” Mohammad Meshkinfam was quoted as saying by the Oil Ministry news website.
South Pars, the world's largest proven offshore natural gas reservoir in the Persian Gulf, contains at least 12 trillion cubic meters of gas, of which 2 tcm has been extracted by Iran in past 18 years, Meshkinfam said
“Of the total reserves close to 9 tcm is extractable.”