Tag Archives: Bushehr

The average rate of recovery from Iranian oilfields is expected to reach 40% from around 25%.

Iran produces around 880 million cubic meters of gas a day. two-thirds of which come from South Pars.

Officials say the partnership of domestic companies with oil majors will gradually enhance the technical and managerial know-how of Iranian firms.

The country aims to raise output to over 1 billion cubic meters by March 2018.

In the current calendar year to March 2018. the completion of four projects which had remained incomplete will add two million tonnes to the country'.s petrochemical production capacity.

The fund is expected to raise $100 billion a year by 2020. with developed nations to make the most contributions.

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 sixth refinery is included in phases 15 and 16 of the South Pars complex. The South Pars. by far the world'.s largest natural gas field. is a natural-gas condensate field located in the Persian Gulf.

Power plants are moving toward replacing polluting fuels with natural gas as a cleaner energy resource.

Total and Iran earlier signed a 20-year contract worth $4.8 billion to develop South Pars gas fields’ 11th phase.