Iranian Oil Minister Bijan Namdar Zanganeh underlined that production of natural gas in Iran’s South Pars gas field will increase to 100 million cubic meters per day (mcm/d) by the end of the current Iranian calendar year (ending on March 20, 2015).

This increase of output will hit 100mcm/d by the yearend (March 20, 2015)," Zanganeh said on Friday.

He noted that the National Iranian Gas Company (NIGC) is working on new phases of the giant South Pars gas field that will add an extra 100 mcm of gas per day to the country's output once they come on line.

The South Pars gas field, divided into 28 phases, is located in the Persian Gulf on the common border between Iran and Qatar. The field is estimated to contain 14 trillion cubic meters of gas and 18 billion barrels of condensates.

The field covers an area of 9,700 square kilometers, 3,700 square kilometers of which lie in Iran's territorial waters in the Persian Gulf. The remaining 6,000 square kilometers, i.e. North Dome, are located in Qatar's territorial waters.

Managing Director of Pars Special Economic Energy Zone (PSEEZ) Mehdi Youssefi announced in December that the South Pars has exported its products to nearly 30 world countries.

"The products of this region (South Pars) have been exported to 29 different countries in the first nine months of the current Iranian year (March 21-December 22)," Youssefi said.

He noted that the export products of South Pars region include light and heavy polyethylene, diethylene glycol, triethylene glycol, monoethylene glycol, urea fertilizer, butane, propane, gas condensates, cement and methanol.

News ID 187466