Friday, May 27 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of May 23
Week of May 16
Week of May 09
Week of May 02
Week of Apr 25
By Topic
By News Partner
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    South Pars accounts for 70% of Iran’s gas supply


    January 27, 2022 - Tehran Times

     

      https://media.tehrantimes.com/d/t/2022/01/26/4/4039730.jpg">

      TEHRAN – Director of production and operations at Pars Oil and Gas Company (POGC), which is in charge of developing giant South Pars gas field in southern Iran, has said the field meets 70 percent of the natural gas need in the country, Shana reported.

      Noting that eight percent of the world's gas reserves are in the South Pars field, Alireza Ebadi said: "over 50 percent of Iran's gas reserves are in South Pars, which is divided into 29 phases."

      According to the official, 60 percent of the field, which Iran shares with Qatar in the Persian Gulf, is in the Arab country’s territorial waters and 40 percent belong to Iran.

      Processing the output of two south Pars phases, each refinery of the South Pars Gas Complex (SPGC) produces 50 million cubic meters of gas, 2,750 tons of ethane, propane, and butane, 77,000 barrels of gas condensate, as well as 400 tons of sulfur on a daily basis, the official said.

      “Each two-phase refinery accounts for one percent of the country’s Gross Domestic Product (GDP), earning the country $10 million a day and $3.5 billion a year,” Ebadi added.

      He put the total investment made in South Pars at $81 billion, saying that the field needs another $7.8 billion to be completed.

      EF/MA

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.