TEHRAN -- Iran on Thursday inaugurated Phase 14 of the South Pars gas field in the Persian Gulf during a ceremony attended by President Ebrahim Raisi.
The refinery will produce a daily output of 50 million cubic meters of sweet gas, 400 tonnes of sulfur, and 75,000 barrels of gas condensates.
It will also produce 1 million tonnes of ethane and 1 million tonnes of liquefied petroleum gas (LPG) as petrochemical feedstock per annum.
During the opening ceremony, President Raisi described Phase 14 as the embodiment of Iran’s self-sufficiency.
He said the production will put key segments of Iran’s oil and gas industry into operation.
Phase 14 of the South Pars gas field will play an important role in boosting Iran’s exports, the president added.
Addressing local people during a ceremony in Iran’s southern port city of Bushehr on Thursday, Raisi said since the victory of the 1979 Islamic Revolution, the enemies have sought to accomplish their objectives in Iran through all kinds of plots, conspiracies and acts of sedition, but all to no avail.
“The enemies sought to stop Iran by means of brutal sanctions, but could not achieve their goals,” he said.
Raisi said the enemies have resorted to a hybrid war and waged various psychological, media, economic and political operations in order to block the progress of the Islamic Republic of Iran; however, their bids have all failed in the face of the vigilance and awareness of the Iranian nation.
Iran’s Minister of Petroleum Javad Owji also spoke at the ceremony. He said Iran spent $2.7 billion on development of the Phase 14 project of the South Pars gas field, stating that return on investment is expected to be achieved within a year.
South Pars gas field, whose development has been divided into 28 phases, is located in the Persian Gulf straddling the maritime border between Iran and Qatar.
It covers an area of 9,700 square kilometers, of which 3,700 square kilometers belongs to Iran. It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.
Owji said Iran will continue to extract gas from the field for 100 more years.