While forecasts show that the gas pressure drop in South Pars will reach its peak in less than two years, if the pressure boosting plan is implemented in South Pars, it will be 70 years of gas extraction from this field without any problems; A project whose financing is the biggest obstacle to its implementation.
Iran's gas cooperation with Russia and Turkmenistan, in addition to meeting the needs of the country's industries, can provide a platform for turning Iran into a regional hub and exporting gas from North Iran to West and South Asia.
Iran burns huge amounts of gas in flares every year, while this gas can become a powerful tool to circumvent sanctions. By converting flare gas into electricity and then extracting digital currency, it is possible not only to avoid wasting this valuable resource, but also to create a new way to sell oil and bypass sanctions.
Referring to separate meetings with the presidents of Turkmenistan and Russia, the president announced new agreements to increase gas cooperation.
The number of Iran's missing gas is so large that it can cover a part of the country's gas imbalance and deficit.
The CEO of Fajar Energy announced the government's agreement with the company's proposal to determine the gas rate based on a specific formula and said: This decision is an important step towards creating greater competitiveness.
The director of the 10th South Pars Refinery announced an acceleration to complete the fuel reduction operation of flare gases in this refinery.
The CEO of the National Iranian Oil Company listed the implementation of the pressure increase plan, the development of phase 11 of the joint South Pars gas field and the Kish gas field as three priority projects of the oil industry in South Pars and said: "For the implementation of these strategic plans, all efforts must be made, especially the capacity of other companies under the national company." Iranian oil was also used.
The deputy CEO of Iran's National Drilling Company announced the drilling and final completion of 46 oil and gas wells in the first half of this year by using the company's drilling fleet in the land and sea areas of the country.
28 common oil and gas fields of Iran, which contain half of the country's gas reserves, have not been properly developed due to sanctions, lack of investment, lack of technology, mismanagement, and the existence of some mafias. While neighboring countries are rapidly exploiting these resources, Iran is missing a historic opportunity for economic development.
