Iran’s Annual Revenues from South Pars Hit $56bln – Official
TEHRAN (FNA) - Iran has considerably increased the annual revenues that it gains from the South Pars gas field in the Southern parts of the country, a senior trade official announced.
"The annual revenues of Iran’s South Pars gas field for the country amounts to $56 billion as value of its daily production hits $155 million,” Managing Director of Iran’s South Pars Gas Complex Company Massoud Hassani said on Friday.
South Pars produces 50% of Iran’s natural gas today, the gas field’s managing director said Thursday.
He noted that over 50 percent of Iran’s gas is produced in South Pars, and said, "The South Pars Gas Complex is responsible for exploiting the different phases of the South Pars Gas Field.”
In August, Customs Director General of the Pars Special Economic Energy Zone (PSEEZ) Khodadad Rahimi announced that Iran is exporting products of its South Pars refineries to Asian, European, African and American nations.
"We are exporting the products of South Pars to one American and six European countries,” said.
He also pointed to Tanzania, Ghana, Mozambique and Kenya as major African destinations of South Pars products, and said, "China, Japan, India, Thailand, Malaysia, Vietnam, Afghanistan, Pakistan and the Philippines are among the Asian buyers South Pars products.”
Rahimi referred to Mexico as the American destination for South Pars products, and said, "Russia, Ukraine and Turkey also are among the European destinations of the energy zone.”
PSEEZ was established in 1998 for the utilization of South Pars oil and gas resources and encouraging commercial activities in the field of oil, gas and petrochemical industries.
The South Pars gas field, divided into 28 phases, is located in the Persian Gulf on the common border between Iran and Qatar. The field is estimated to contain 14 trillion cubic meters of gas and 18 billion barrels of condensates.
"The annual revenues of Iran’s South Pars gas field for the country amounts to $56 billion as value of its daily production hits $155 million,” Managing Director of Iran’s South Pars Gas Complex Company Massoud Hassani said on Friday.
South Pars produces 50% of Iran’s natural gas today, the gas field’s managing director said Thursday.
He noted that over 50 percent of Iran’s gas is produced in South Pars, and said, "The South Pars Gas Complex is responsible for exploiting the different phases of the South Pars Gas Field.”
In August, Customs Director General of the Pars Special Economic Energy Zone (PSEEZ) Khodadad Rahimi announced that Iran is exporting products of its South Pars refineries to Asian, European, African and American nations.
"We are exporting the products of South Pars to one American and six European countries,” said.
He also pointed to Tanzania, Ghana, Mozambique and Kenya as major African destinations of South Pars products, and said, "China, Japan, India, Thailand, Malaysia, Vietnam, Afghanistan, Pakistan and the Philippines are among the Asian buyers South Pars products.”
Rahimi referred to Mexico as the American destination for South Pars products, and said, "Russia, Ukraine and Turkey also are among the European destinations of the energy zone.”
PSEEZ was established in 1998 for the utilization of South Pars oil and gas resources and encouraging commercial activities in the field of oil, gas and petrochemical industries.
The South Pars gas field, divided into 28 phases, is located in the Persian Gulf on the common border between Iran and Qatar. The field is estimated to contain 14 trillion cubic meters of gas and 18 billion barrels of condensates.