Iran to Produce More Gas from South Pars

December 2, 2013

Iranian President Hassan Rouhani has vowed to increase the production from the giant South Pars gas field shared with Qatar, matching the southern neighbor’s production in the field by 2017, Iran’s PressTV reported on December 2.

During a visit to the city of Asalouyeh in the southern Iranian province of Bushehr on Saturday night, Rouhani said his government plans to speed up the development of the South Pars gas field, which is shared between Iran and Qatar.

Rouhani toured the phases 12, 17, and 18 of the gas field on the shores of the Persian Gulf on Saturday.

The Iranian president said, when fully developed, the country’s income from South Pars will reach USD 100 billion a year from the current USD 40 billion.

“We can promise the Iranian nation that the government, at the end of its four year [term], not only will match the production from the field to the production by neighbors, but also will increase it…” Rouhani said.

Iran, which sits on the world's second-largest natural gas reserves after Russia, has been trying to enhance its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.

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

Rouhani noted that the recent “political and international measures taken by the government has increased the space for economic activities in the country.”

Copyright: PressTV, 2013