Tag Archives: Bushehr

South Pars is the world'.s largest gas field shared by Iran and Qatar in the Persian Gulf.

Petroleum minister said that the ministry plans to build ten major oil equipment inside the country.

There are two executive orders that are supposed to be renewed before summer.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

.The oil layer is projected to hold heavy crude with an API gravity of 8-16

.The volume of gas in place (GIP) of the field is estimated at 42 to 56 TCF

.The facility was constructed by Iran’s private sector with investment of 280 billion rials

.The power plant will reportedly create 1.200 jobs

.Gas extraction from South Pars gas field will rise to 550 million to 560 million cubic meters

.At the present time. America’s oil production has soared to nine million barrels per day