Iran inaugurates mega gas projects

Iran has officially inaugurated several mega projects in its natural gas hub of South Pars – projects that can put the country in the lead over production from a giant field that it shares with Qatar.

According to Press TV, the projects included South Pars Phases 17 and 18, Phase 19, as well as Phases 21 and 22. They were inaugurated by President Hojjat al-Islam Hassan Rouhani. 

The projects included South Pars Phases 17 and 18, Phase 19, as well as Phases 21 and 22. They were inaugurated by the President. 

The phases increased Iran’s total gas production by 150 million cubic meters per day (mcm/d) thus bringing the country’s overall gas output to as high as 540 mcm/d. The figure was an increase of above 100 percent from 250 mcm/d recorded in 2013 when President Rouhani assumed office.

The inauguration of the phases also increased Iran’s production of condensate by 200,000 barrels per day. Other key products include ethane and liquefied petroleum gas (LPG) which respectively increased by 3 million tons per day (mt/d) with the inauguration of the phases.    

President Rouhani further inaugurated production of 35,000 barrels per day (bpd) of oil from an exceptional oil field which is located in South Pars gas hub – a field named South Pars Oil Layer. 

Iran’s president described the development of the Oil Layer “a dream come true”.  He further expressed hope that production from the field would increase to as high as 60,000 bpd in the near future.  

Other projects that were put on stream included four petrochemical projects that were developed by private companies in South Pars. 

The President said the inauguration of the projects had marked a historic day for the country’s oil industry.

President Rouhani also emphasized that the projects were manifestations of “resistance economy” that the country was strongly pursuing for years, specifically after sanctions were implemented against it since 2011. 

“We saw how the Iranian nation stood against the plots and the sanctions devised by the enemies,” he said at the inauguration ceremony of the projects. Today, he said, we are witnessing the results of the resistance and patience of the Iranian nation.  

SS