Pars Oil & Gas Company announces three South Pars phases coming online in near future
Monday, Dec 17, 2012
Three phases of South Pars gas field will come online up to the end of current Iranian calendar year, 20 March 2013, Iranian minister of petroleum said.

Speaking on the sidelines of a CNG conference here, Qasemi said the country produces 620 million cubic meters of gas per day, a figure that is planned to rise to 1.4 billion cubic meters per day at the end of fifth five year development plan, in 2015.

All the phases of South Pars gas field will come on stream in 2015 which will be followed by rising the field’s gas yield to 700 million cubic meters per day, Qasemi said.

He continued gas condensate output stands at 360 thousand barrels per day now but will reach 1.2 million barrels per day in near future.

Elsewhere in his remarks, he said that Iran-Pakistan gas pipeline contract would be finalized in next 30 days adding the Iranian side of the pipeline, from Assaluyeh to Pakistan border, was now complete while construction of the pipeline inside the Pakistan territory would start in near future.

On Iran-Iraq gas pipeline, Qasemi said the gas exports contract to Iraq was in the course of finalization amid negotiations with other countries on gas exports.

While the country is under sanctions, domestic manufacturers play a big role in production of parts and equipments, the minister said expressing satisfaction with the course of domestically manufacturing progess.

Stating that the country’s oil production will rise by 1.5 million barrels per day, Qasemi noted that development plans were under way in North and South Azadegan, Yadavan and Azar oil fields.

Qasemi went on to say that Iran held the second largest CNG fuel stations in the world after Pakistan stating the number of stations will rise to 2500 up to the end of fifth five year development plan.

Source: Pars Oil & Gas Company

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