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Iran opens new South Pars gas field phases worth $20 billion

Iran opens new South Pars gas field phases worth $20 billion

Sunday, April 16, 2017, 9:22 PM

Iran's President Hassan Rouhani inaugurated five new phases of the South Pars gas field today, the result of some $20 billion in investment, local media reported. The ribbon-cutting of phases 17-21 pave the way for Iran to surpass the production levels of neighbouring Qatar, which shares half the offshore gas field, Iranian officials said. "Our production has reached 575 million cubic metres per day," said Rouhani.
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