13 December 2022 - 15:21
  • News Code: 465958
Iran Eyes 0.5 bcm Gas Output Growth by 2029

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) announced the company's plan to increase the country’s gas production capacity by 500 million cubic meters per day (mcm/d) by 2029.

“Our dear people should know that the employees of the oil industry are in the true sense of the word doing jihadi work to bring prosperity, comfort and warmth to them,” said Mohsen Khojastehmehr on Tuesday morning.

Speaking on the sidelines of the first conference and exhibition of technology management of knowledge-based products in Iran's oil industry, he touched on the pressure boosting plan of South Pars Gas Field: “Design, engineering and implementation of pressure boosting for sour gas is a new issue in the world and even the neighboring countries, like us, is in the first stage, that is, design.”

Stating that the NIOC has important plans for increasing pressure of the South Pars joint gas field, he added: “Conceptual and basic engineering studies for implementation of the pressure boosting project are in the form of a pilot, and the conceptual and basic studies have already been completed and the design of the turbo compressor to compress gas has progressed 70%.”

The Deputy Minister of Petroleum pointed out that in parallel with the implementation of this pilot, the basic engineering work of all phases of South Pars for different hubs is being done, and God willing, these studies will be completed by the beginning of the next Iranian calendar year to March 2023.

Khojastehmehr further announced that gas from Phase 11 of South Pars was to come online in the near future as it is regarded as NIOC’s top priority.

News Code 465958

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