RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2017-05-12 11:35:00

IRANIAN REVENUE: $191 BLN

IRANIAN REVENUE: $191 BLN

IRAN SOUTH PARS FIELD MAP

SHANAManaging Director of the National Iranian Oil Company (NIOC) Ali Kardor said Iran has so far recovered 1,060 billion cubic meters of natural gas from the supergiant South Pars Gas Field, adding the recovery has fetched Iran over 191 billion dollars in revenue.

Addressing a ceremony to inaugurate 6 development phases of the gas field on Sunday, the official said Qatar has recovered 1,771 billion cubic meters of gas from the field in its own territories.

He expressed hope that launching new development projects at the field will bring Iran's revenues from it close to that of Qatar.

Mr. Kardor said Iran's recovery of gas from the field has nearly doubled from 2013, beginning of President Rouhani's first term.

In the year Iran produced 285 mcm/d while it is now recovering 570mcm/d, he added.

Iran pumped out 155 bcm of gas from the field last Iranian calendar year which ended on March 20, setting a new record in production from the field.

Iran has so far invested 71 billion dollars for developing the gas field of which $19b has been procured by domestic investors and the rest were supplied by dipping into the National Development Fund of Iran (NDFI), banks, bonds, etc. he added.

-----

Earlier: 

IRAN SUPPORTS CUTTING 

IRAN'S OIL EXPORT 2.6 MBPD 

IRANIAN OIL TO INDIA: 540 TBD 

IRAN, RUSSIA STRATEGIC PARTNERSHIP 

IRAN & VENEZUELA: STRATEGIC PARTNERS

Tags: IRAN, OIL