BAKU, Azerbaijan, August 31. Iran has recorded a 7-fold increase in gas production over the past year, said Hamid Bovard, Deputy Oil Minister and Head of the National Iranian Oil Company (NIOC), Trend reports.
During an event in Tehran commemorating the ratification of a
memorandum of understanding (MoU) aimed at the advancement of two
gas fields, Bovard articulated that notwithstanding the escalation
in output, the nation continues to experience gas deficiencies.
He articulated that Iran's strategic objective is to augment its
daily gas production to 1.35 billion cubic meters by the year 2029.
The National Iranian Oil Company (NIOC) is strategizing to achieve
an output of 35 million cubic meters daily from the Halegan and
Shahini gas fields, which are poised to be pivotal in securing a
consistent supply chain for the nation’s mining and steel
industries.
Currently, Iran’s daily gas production exceeds 1 billion cubic meters. The MoU signed today involves the NIOC, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), steel production companies, and the Mapna Group. The two fields, located in Fars province in southern Iran, hold an estimated 18 trillion cubic feet (approximately 510 billion cubic meters) of gas. The agreement anticipates daily production of 35 million cubic meters of gas and 25,000 barrels of gas condensate from these fields.
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