EconomyIran

South Pars products exported to 29 countries: Official

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An Iranian official says the products of the Islamic Republic’s South Pars oil and gas field were exported to 29 different countries in the past Iranian calendar month (ending April 20).

The value of the exported products topped 1.266 billion dollars, Director General of Pars Special Economic Energy Zone (PSEEZ) Customs Office Khodadad Rahimi said on Sunday.

China, Japan, the UAE, India, Turkey, Iraq, Taiwan, Thailand, Malaysia, Vietnam, Afghanistan, Pakistan, Armenia, Russia, Mozambique, Egypt, Syria, Turkmenistan, Tajikistan, Ukraine, Qatar, Tanzania, the Philippines, Ghana, Kenya, Azerbaijan, Georgia, South Korea and Mexico were the export destinations of South Pars’ products, according to Rahimi.

On April 6, Iranian Oil Minister Bijan Namdar Zanganeh said the production capacity of South Pars oil and gas field would increase by 100 million cubic meters per day in the current Persian calendar year (started March 21, 2014).

He also said that the majority of the units related to the prioritized phases of South Pars, including phases 12, 15, 16, 17 and 18, would start production this year.

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.

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