President inaugurates South Pars phases 17, 18

EghtesadOnline: President Hassan Rouhani inaugurated on Sunday the phases 17 and 18 of the South Pars Gas Field in Persian Gulf region.

News ID: ۷۷۵۴۷۴

16 April 2017

The aim of inauguration of the phases 17 and 18 of the South Pars is to daily produce 56.6 million cubic meter of gas, 75 tons of gas condensate and 400 tons of sulphur. It also pursues yearly production of one million tons of ethane and 1.02 tons of liquefied petroleum gas (LPG), IRNA reported.

During his day-long stay in Assalouyeh in southern Iranian province of Bushehr, the president is also due to open phases 19, 20 and 21 and a development project of the South Pars Gas Field’s oil layer.

To open the mentioned phases and projects, 20-billion-dollar investment has been made.

Iran’s gas production in the world’s largest gas field of South Pars in the Persian Gulf has become equal to Qatar’s for the first time since 1991.

It is estimated that the complete development of the South Pars phases will guarantee Iran’s energy supply; then the country will annually earn 100 billion dollars from it.