Gas Production in South Pars Almost Doubles
Iran has bettered Qatar in developing its share of the joint South Pars Gas Field over the past six years.
South Pars is the world’s largest gas field located on the joint border between Iran and Qatar in the Persian Gulf. Daily gas production on the Iranian side was 285 million cubic meters in 2013 and Qatar produced 566 mcm, ISNA reported.
Production in the Arab emirate has remained unchanged after six years but Iran is producing 570 mcm of gas.
Six years ago, the number of wells operating in the common South Pars field was 110 in Iran and 401 in Qatar. Iran has increased the number to 252 wells while the Arab neighbor has not done so.
The field is being developed in 24 phases in Iran. Domestic gas production capacity is over 800 mcm a day. Supplies from South Pars make up nearly two-thirds of the total.
Director of a project to drill wells at Phase 14 of the SP gas field said 100,000 meters have been drilled so far in the phase for completing 14 wells.
Hamidreza Shafiei Makvand said drilling operations are complete now, and when fully operational the phase will produce 56 million cubic meters of gas per day, 400 tons of sulfur, 2,800 tons of propane, 75,000 barrels of condensates and 2,550 tons of petrochemical feedstock.
source: Financial Tribune
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
