Gas

South Pars'. sulfur output in the last 11 months was 472.000 tons. which is expected to rise in the near future.

Iran hopes to increase output to 55.000-60.000 barrels per day in the second phase of production from the South Pars crude oil layer.

Condensate output is slated to reach 1 million barrels a day upon the launch of all phases of South Pars.

Iran exported 24 million barrels of gas condensates to the European and Asian countries in January.

Total plans to sign a contract if Iran respects an international nuclear treaty and if the US sticks to it.

The amount of the country’s gas production has increased tremendously in the past three years.

Iran and Kuwait are taking steps to reach an understanding to develop Arash Gas Field in the Persian Gulf.

Commitments in the energy sector include Pertaminas plan to invest there as well as gas imports.

The President is slated to attend the groundbreaking ceremony for the project during the provincial visit.

Parts of the exported gas are due to be transferred to the target markets after being turned into the liquefied natural gas (LNG).