Making it worthwhile: Iran's South Pars field exports gas, oil to 29 countries for $1.3 billion

Making it worthwhile: Iran's South Pars field exports gas, oil to 29 countries for $1.3 billion
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Published May 5th, 2014 - 10:55 GMT via SyndiGate.info

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The capacity of South Pars gas and oil fields could hit 100 million cubic meters daily in the current Iranian year
The capacity of South Pars gas and oil fields could hit 100 million cubic meters daily in the current Iranian year

Iran's South Pars field, located in southern part of the country, exported gas and oil to 29 countries during the last Iranian calendar year (started on 20 March 2013). The exports total 1.266 billion dollars, mostly sent to China, Japan, the UAE, India, Turkey, Iraq, Taiwan, Thailand, Malaysia, Vietnam, Afghanistan, Pakistan, Armenia, Russia, Mozambique, Egypt, Syria, Turkmenistan, Tajikistan, Ukraine, Qatar, Tanzania, Philippines, Ghana, Kenya, Azerbaijan, Georgia, South Korea and Mexico, said Director General of Pars Special Economic Energy Zone (PSEEZ) Customs Office Khodadad Rahimi.

He also said that capacity of South Pars gas and oil fields could hit 100 million cubic meters daily in the current Iranian year (started on March 20, 2014). He also said phases 12, 15, 16, 17 and 18 will start working this year as well. South Pars is part of a wider field that is shared with Qatar.

The larger field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran’s territorial waters (South Pars) in the Persian Gulf. The remaining 6,000 square kilometers, referred to as the North Dome, are in Qatar’s territorial waters.

The Iranian oil and gas field contains 14 trillion cubic meters of natural gas, about eight percent of the world’s reserves, and more than 18 billion barrels of LNG resources. End Item

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