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Iranian Minister of Petroleum Bijan Zangeneh says the country will start gas production from 5 phases of the supergiant South Pars Gas Field during the next calendar year starting on March 21.
During a Monday visit to the refining facilities of the massive gas field. Mr. Zangeneh said. `we are endeavoring to complete phases 13. 14. 22. 23 and 24 of the gas field during next [calendar] year provided that the projects are properly funded.` Iran`s oil ministry news website SHANA reported on Monday.
Accompanied with members of the Iranian parliament`s energy committee. Zangeneh said once Iran fully operates two major refining projects. namely. Siraf (with 48.000 b d of processing capacity) and Bandar Abbas Gas Condensate refineries (with 36.000 b d of refining capacity). the country will no longer have any gas condensate for export.
He further said Iran is currently producing 4.5 million tons of ethane annually which will cross 6 mt y next year and 10 mt y by 2020.
This is while. `the country consumes 5.5 mt y which means the rest of the item will be up for export.`
