Currently, phase 12 produces nearly 50 cm/d of natural gas which is delivered to the phase's refinery operated by South Pars Gas Complex, added Fallahnejad.
Phase 12, which was inaugurated in March, is the main of the gas field which Iran and Qatar share in the Persian Gulf waters.
Furthermore, 120,000 b/d of condensate (more than 34 million barrels a year) and 750 tons of granulated solid sulfur is produced from this phase. Therefore, Iran’s gas condensate production is expected to grow more than 22% and its gas production more than 16% year-on-year.
Over the past century, Iran has gained $880 billion from crude oil exports. At today’s price of about $50 a barrel, Iran’s 100-year revenues from oil sales would become $3.6 trillion, which is still lower than the $4.4 trillion estimated for South Pars.
Your Comment