Minister Describes Development of South Pars Gas Field as Oil Ministry’s Priority

Iranian Oil Minister Bijan Namdar Zanganeh underlined that his ministry attaches much importance to the development of the South Pars gas field’s phases 12, 15, 16, 17 and 18.
The development of phases 12, 15, 16, 17 and 18 of the South Pars gas field are currently the top priority of Iran’s oil ministry, Zanganeh said, addressing a group of the Iranian lawmakers who were visiting the Assalouyeh gas production facilities in the Southwestern province of Bushehr on Thursday.

He also said that production of natural gas in Iran’s South Pars gas field will increase to 100 mcm by the end of the current Iranian calendar year (ending on March 20, 2015).

Zanganeh described the South Pars gas field as “Iran’s industrial capital”.

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.