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Iran Overtakes Qatar in Extracting Gas from SP Joint Fields: CEO

Feb 20, 2024, 5:47 PM
News ID: 826070
Iran Overtakes Qatar in Extracting Gas from SP Joint Fields: CEO

The chief executive of Iran’s Pars Special Economic Zone Organization said Iran has outpaced Qatar in the extraction of gas from joint fields.

EghtesadOnline: Sakhavat Assadi put the value of investment made by Iran for the development of its projects in the South Pars Gas Field at $150 billion.

Currently, 26 development projects, costing $1 billion, are underway in the South Pars field, he emphasized.

Turning to the conspiracies waged by enemies against the Islamic Republic, he said that the enemy has left no stone unturned to wage a full-fledged war against Iran since the victory of the Islamic Revolution in 1979 but all their plots have been foiled.

The South Pars Gas Field is shared between Iran and Qatar, he noted, adding that many countries continue cooperation with Qatar on the field incessantly but Iran has been faced with tough sanctions imposed against the country.

Elsewhere in his remarks, Asadi pointed to the construction of a refinery at Phase 14 of the South Pars Gas Field and added that 73 percent of the refinery has been constructed by domestic engineers.

Iran’s gas extraction from the South Pars Gas Field exceeds that of Qatar, the official said, putting Iran’s daily extraction of gas from South Pars at about 710 million cubic meters while the gas extraction by the Qatari side stands at about 650 million cubic meters/day.

Between 70 and 75 percent of the country’s gas is produced in the South Pars Field, Assadi added. / Tasnim

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