SP phases inauguration, consumption management have prevented gas supply cuts: Official

SHANA (Tehran) – Iran’s government spokesman said on Tuesday no gas supply cuts thanks to inauguration of new phases of the South Pars (SP) field and consumption management have been reported since the 13th administration took office in August 2021.

Speaking in a press conference, Ali Bahadori Jahromi added the launch of new phases of the giant gas field has led to an increase in production.

The official pointed to management and optimization of energy consumption as another contributory factor to uninterrupted gas supply.

He said 318 projects introduced during the previous Iranian calendar year, which ended on March 19, 2024, attracted record $5.5 billion foreign investment.

The country’s foreign trade during the yearlong period exceeded $153 billion, showing the enemy’s sanctions have failed, the spokesman pointed out.

He also referred to the establishment of companies for exporting the products of knowledge-based firms, whose number has quadrupled under the incumbent government.

The country has managed to get into international markets, including Kenya and Turkey, to export domestic knowledge-based companies’ products.

News ID 639741


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