Baku, Azerbaijan, Sept. 29
By Fatih Karimov - Trend: Five phases of Iran's South Pars gas field will be inaugurated by the end of the current Iranian fiscal year (March 2016).
Managing director of Pars Oil and Gas Company Ali Akbar Shabanpour said the utility units of the phases 20 and 21 would come on stream, Iran 's Shana news agency reported Sept. 29.
Meanwhile, the phase 13 and the phases 22 to 24 are in the trial operation stage.
Moreover, one of the units of the phase 19 has already been put in operation.
Iran is currently producing 300 million cubic meters (mcm) per day of gas from South Pars.
The country, 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 South Pars gas field.
The South Pars gas field, divided into 28 phases, is located in the Persian Gulf on the common border between Iran and Qatar. It is estimated that the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensate.
Edited by CN