News ID: 3063
Date: Sunday 2 February 2025 - 23:02

70 percent of the country’s gas needs are met from South Pars

70 percent of the country’s gas needs are met from South Pars
The CEO of the National Oil Company's Engineering and Development Company said: "The South Pars field is the largest gas field in the world, with 70 percent of the country's gas and 40 percent of its gasoline supplied from this field, so it is important for Iran."

According to Energy Press, Reza Dehghan stated in a press conference about the plan to increase the pressure of the joint South Pars field, stating that over the past three decades, the extraction of this field began first from Qatar and then from Iran, which resulted in a decrease in pressure over time, which also led to a decrease in production. He stated: “It is expected that we will have a decrease in production in the next 3 to 4 years.” Stating that Qatar and Iran have taken measures to prevent a decrease in production, he said: “Qatar signed a contract with Saipem in 2022, and Iran also entered into a contract with Total in 2016, the conceptual studies of which were conducted by a French consulting company and based on which it presented proposals.”

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