Iran producing more natural gas from field shared with Qatar
Nasser Karimi (The Philippine Star) - March 18, 2015 - 2:26am

TEHRAN - Iran said it began producing more natural gas from a giant field shared with Qatar on yesterday as part of efforts to expand gas production and alleviate setbacks caused by international sanctions.

The additional production from the South Pars field — known as North Dome in Qatar — will add 81 million cubic meters of gas to Iran's total production, currently at about 600 million cubic meters per day, most of which is consumed domestically, the state TV reported.

During a ceremony marking inauguration of the expansion project, President Hassan Rouhani claimed the increased gas production proved Western sanctions, imposed over Iran's s disputed nuclear program, were ineffective.

"We succeeded in finalizing huge projects during the sanctions," said Rouhani. "By inaugurating this project, we announce to the world that the era of pressures ... is over."

The expanded production at South Pars will also yield some 120 thousand barrels of liquid gas and 750 metric tons (827 tons) of sulfur per day. Tehran invested more than $ 7 billion in the phase. The project includes three offshore platforms, containing 36 wells.

After his election in 2013, Rouhani pledged his administration would increase production from South Pars, about 1,000 kilometers (620 miles) south of the capital, Tehran.

According to Iranian media, Qatar currently produces 40 percent more natural gas from the joint field. Qatar began production from its share of the field in 1989, while Iran only began working on its side in 1998. Now, Iran produces some 425 million cubic meters from the field.

Iran plans to increase its gas production to one billion cubic meters per day by 2018. The country has the world's second-largest natural gas reserves after Russia.

CUBIC FIELD GAS IRAN METERS NORTH DOME PRESIDENT HASSAN ROUHANI PRODUCTION ROUHANI SOUTH PARS TEHRAN
  • Latest
  • Trending
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

SIGN IN
or sign in with