Iran's President Hassan Rouhani said the government plans to increase the country’s gas output by 140 million cubic meters per day (mcm/d) by the end of the current Iranian year (March 20, 2017).
Addressing a conference on the 50th anniversary of the establishment of National Iranian Gas Company (NIGC) in Tehran, the president said with completing the development projects of phases 14-17 in the South Pars gas field during the last year, the country’s gas output soared by 140 million cubic meters per day, president.ir reported.
He added that after the completion of phases 18-21 in the current Iranian year, the gas output will increase by the same volume.
Rouhani underscored the need for developing Iran’s joint oil and gas fields with the neighboring countries, Trend's correspondent reported from the event.
Speaking about measures taken to develop South Pars gas field joint with Qatar over the past three years, he called for completing all phases of the giant field.
Explaining that the South Pars gas field provides 50 percent of the country’s gas requirements, he urged for its further development as Qatar continues to produce more gas at the field.
The president noted that the joint oil and gas fields are of high importance for the country and Iran should be equipped with the modern technologies in order to be capable of getting the most of the gas resources.
Rouhani also said his government plans to boost gas export to 200 million cubic meters per day.
The president hailed the achievements of the implementation of the Joint Comprehensive Plan of Action (JCPOA), saying as a result of the nuclear deal the country’s oil and condensate exports reached about 2.5 million barrels per day.
