Iran: joint gas and oil project

According to The Tehran Times, a development plan for joint gas and oil fields has been put on the agenda by the Oil Ministry. The plan is meant to increase the output of all but two of the joint fields. The Oil Ministry’s Public Relations Office said that the first phase of the South Pars gas field became operational in March 2002 and 40,000 barrels of liquefied natural gas (LNG) per day are produced at the South Pars Complex. With 11 buyback contracts being implemented, 390,000 barrels of liquefied natural gas, 220 million cubic meters of natural gas, and 260,000 barrels of crude oil will be produced in these joint fields each day. This will boost Iran’s natural gas production to three million tons annually.

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