The CEO of the Persian Gulf Oil and Gas Industry Advancement Company, referring to the significant lack of benefit for the Persian Gulf Petrochemical Industries Group from the empty production capacity of some companies, which is due to insufficient feed, emphasized the key role of this company in the upstream oil and gas sector, including participation in field development projects to provide sustainable feed for large petrochemical production units.
Despite having the world’s second-largest gas reserves, Iran continues to grapple with an energy imbalance. The country’s numerous gas fields are either underdeveloped or lagging behind in the competition for extraction from shared fields. While gas exports could become a regional lever of power, Iran has a tiny share of the global market. If this trajectory is not corrected, even meeting domestic demand will be challenged in the coming winters.
The CEO of the National Iranian Gas Company said: "During the recent attacks, by carrying out more than 6,000 operations, the complete stability of the country's gas network was maintained and there was no disruption in the supply of gas to consumers."
Statistics show that out of the total consumption of more than 4.3 billion cubic meters of natural gas in the three sectors of power plants, major industries, and household, commercial, and small industries last week, more than 2 billion cubic meters were consumed by power plants, which peaked on Monday and exceeded 305 million cubic meters.
The CEO of Pars Oil and Gas Company said: "During the 12-day war, the South Pars platforms continued to operate without interruption, and in addition to maintaining a stable flow of gas extraction, the overhaul operations also proceeded according to plan, so that the overhaul of 11 platforms has been successfully completed so far."
The CEO of Petropars Group said: "The export of gas produced from the third tier of the sweetening unit of the South Pars Phase 14 refinery has begun successfully."
An official said: "With an investment of $8 billion in 202 gas fields, the country's gas capacity will increase to 220 million cubic meters and the problems of gas shortages in the winter season will be resolved."
Following the escalation of military conflicts between the Zionist regime and Iran and the cessation of gas production from the regime's main fields, Egypt has faced a sharp decline in gas imports and has begun rationing gas in fertilizer and petrochemical plants to deal with this crisis.
Reuters reported in an exclusive report that gas production in Phase 14 of the South Pars Joint Field - the world's largest gas field - has been partially halted following an Israeli airstrike on Iranian energy facilities.
Daily gas extraction from Phase 11 of South Pars has increased by 60 percent in the first 10 months of the 14th government, from 12 million cubic meters to 20 million cubic meters.
