BAKU, Azerbaijan, February 10. Daily production at the South Pars gas field (known as North Dome in Qatar), a joint field shared by Iran and Qatar, has reached a total of 715 million cubic meters per day in recent months, the head of Pars Oil and Gas Company (POGC) Touraj Dehghani told reporters, Trend reports.
Speaking to local media, Dehghani shared that the gas is extracted from over 300 wells across 39 platforms in the Persian Gulf and processed at 13 plants before being transferred to the country's gas network.
He also noted that this volume of gas constitutes more than 70 percent of Iran's total gas consumption. Additionally, the gas and gas condensate produced from the field contribute to 40 percent of the country's gasoline production, while 50 percent of the fuel for petrochemical plants and thermal power stations comes from this source.
“The South Pars gas field has a contribution of $100 billion to the country’s annual GDP, which reflects its pivotal role,” the official added.
In relation to the sanctions imposed on Iran in recent years, the company official emphasized that as international firms withdrew, more attention was paid to local potential. Iranian companies gradually took over the development of the fields, construction of refineries, drilling of wells, and the setup of platforms.
The South Pars gas field (North Dome in Qatar) is a joint Iran-Qatar gas field. It is reported that this field has 51 trillion cubic meters of gas reserves, of which 36 trillion cubic meters can be produced. Iran's share in this field is 14 trillion cubic meters of gas and 18 billion barrels of gas condensate.
Since 2002, Iran has been producing gas from the field, with current production at around 700 million cubic meters per day. It is estimated that Iran has spent $90 billion on developing the field. Approximately 33% of the field’s recoverable gas belongs to Iran, with development on the Iranian side managed by Iranian companies, while the Qatari side has seen mainly foreign involvement.