Gas

The giant reservoir is being developed in 24 phases.

The last offshore platform belonging to Phase 14 of the South Pars Gas Field has been loaded at the yard of Iran Marine Industrial Company (SADRA).

Qatar'.s first condensate refinery. Laffan Refinery. started production in September 2009.

The new project will send gas via a 200-km pipeline to Russia and produce 6.2 million tons of LNG a year.

The country has a nameplate capacity of 88 million tonnes.

Majority stakeholder Gazprom has indicated it'.s already taken measures to complete the project while circumventing the US measures.

The operation to extract natural gas from the third platform of Phase 14 of Iran’s giant South Pars gas field started off on Wednesday night. an official announced.

The completion of the project would be ``stretched`` by several months because of the sanctions.

Russia is expecting the Nord Stream 2 pipeline to be completed very soon in spite of the obstacles.

A senior Iranian official in petroleum refining affairs said converting petro guzzlers into CNG-run vehicles could generate 1.8 billion dollars in revenues for Iran annually.