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Iran Eyes Enhanced Gas Output by January 2019

 Iran Eyes Enhanced Gas Output by January 2019

Monday، 01 October 2018 | Article Rating

TEHRAN (Shana) -- Iran is expecting addition of 3 billion cubic feet of natural gas added to its daily production capacity by launching new South Pars phases by early 2019, a senior Iranian oil official said.

 

Deputy Director of Development and Engineering at National Iranian Oil Company (NIOC) Ghomareza Manouchehri said a lot of activities were on the go in Bushehr Yard as 10 platforms belonging to phases 22 to 24 and 13 and 14 of the supergiant South Pars gas field were being completed.

“We are preparing for production of 3 billion cubic feet of natural gas by the end of the fall and mid-winter this year so that all the country’s gas needs would be supplied,” the official said.

By early next calendar year (beginning on March 21), all the platforms under construction at Bushehr Yard will be delivered to their designated offshore spots, the official added, saying the platforms will bring online 6 phases of the gas field adding 6 billion cubic feet to the country’s daily production capacity.  

Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.​

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