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Iran’s daily output from the world’s largest gas field would reach 790 million cubic meters per day in the near future. which will exceed Qatar which currently extracts around 620 million cubic meters a day from the field. Iran’s oil minister said.
The announcement is a revision of previous estimates about Iran’s increased production at South Pars.
Zanganeh had said earlier that the output from the field. which straddles the maritime border between Iran and Qatar in the Persian Gulf. would hit a target of 750 million cubic meters per day by the end of 2019.
He said that Iran’s ongoing development plans were focused on phases 13. 22-24 and the offshore section of the phase 14. adding that all of those projects would conclude by late March 2020.
The minister also hinted that Iran had invested more than $5 billion to stop flaring in its oil and gas facilities in the South. saying refineries using the flared gas were now producing around 2.5 million tons of more petrochemicals each year. generating around $2.5 billion in new income for the country.
In July. Zanganeh announced that the country had successfully completed installing a super-size drilling rig at South Pars gas field in the Persian Gulf. the largest in the world. without any foreign company involved after Tehran made its industries self-sufficient to defy the US unilateral sanctions.
Zanganeh announced on July 13 that the 2.400-ton platform. dubbed SPD-14B. had been mounted earlier in the day by Iranian crew and experts in Persian Gulf waters off the Southern Iranian coast.
Iran has sought to increase its daily production at oil and gas fields despite sanctions imposed by the United States which restricts Tehran’s ability for export.
Zanganeh had said earlier this year that Iran’s gas production at South Pars had already exceeded 21.5 billion feet (610 million cubic meters) per day. adding that Iran’s share of daily production at the field had dwarfed that of Qatar.
