Iran South Pars Revenues Hit $191b: Official

Addressing a ceremony to inaugurate 6 development phases of the gas field on Sunday, the official said Qatar has recovered 1,771 billion cubic meters of gas from the field in its own territories. 

He expressed hope that launching new development projects at the field will bring Iran’s revenues from it close to that of Qatar. 

Mr. Kardor said Iran’s recovery of gas from the field has nearly doubled from 2013, beginning of President Rouhani’s first term. 

In the year Iran produced 285 mcm/d while it is now recovering 570mcm/d, he added. 

Iran pumped out 155 bcm of gas from the field last Iranian calendar year which ended on March 20, setting a new record in production from the field. 

Iran has so far invested 71 billion dollars for developing the gas field of which $19b has been procured by domestic investors and the rest were supplied by dipping into the National Development Fund of Iran (NDFI), banks, bonds, etc. he added.