South Pars sets record; Phase 11 gas production triples

South Pars sets record; Phase 11 gas production triples

The CEO of Pars Oil and Gas Company announced the start of production of the ninth well of Phase 11 of South Pars and stated: "With the launch of this well, the gas production capacity from this border phase has increased to more than 22 million cubic meters per day."
The first gas field development contract was awarded to Bakhtar Holding

The first gas field development contract was awarded to Bakhtar Holding

Regarding the fate of upstream memorandums of understanding and their conversion into contracts, the CEO of the National Petrochemical Company said: "Some of these memorandums are being converted into contracts. For example, the contract for the Bakhtar complex has been approved by the National Oil Company's board of directors and is being finalized."