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Iran's Rouhani Inaugurates Four New Phases of South Pars Gas Field

Source: Reuters 3/17/2019, Location: Asia

Iranian President Hassan Rouhani formally inaugurated four new phases of South Pars, the world’s largest gas field, on Sunday, according to a statement posted by the Iranian oil ministry on Twitter.

Iran has invested $11 billion to complete the four phases and they will increase the country’s gas production capacity by up to 110 million cubic meters per day, the statement said.

Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran, which shares South Pars with Qatar, expects to operate 27 phases by next March.

Gas production at South Pars will exceed 750 million cubic meters per day by late 2019, Zanganeh said on Sunday, according to SHANA, the news website of the Iranian oil ministry.

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