Young Journalists Club | Latest news of Iran and world

News ID: 7183
Iran » Iran
Publish Date: 21:08 - 10 January 2017
Iran’s South Pars Gas Complex revenue surpassed $5 billion over first nine months of Iranian calendar year (started on March 20, 2016), said Managing Director of South Pars Gas Complex (SPGC) Massoud Hassani.
Iran’s South Pars Gas Complex revenue surpasses $5 blnThe complex revenue hit $5.600 billion during the period, he said, adding the complex output value rose $5.5 million comparing to similar period last year.

The complex has started working since 2005, producing over 63 percent of the country’s gas, Hassani said.

He noted that Iran’s gas recovery from the joint gas reservoir jumped by 20 percent over the 9 months comparing to similar period last year.

South Pars Gas Complex refineries would produce over 80 percent of the country’s gas in 2019 when development operation in South Pars will have been accomplished, the official said.

He continued that the gas complex would soon produce 50 million barrels of gas condensations, which is double the amount the BP makes.

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