ID :
127988
Tue, 06/15/2010 - 16:42
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Iran's oil minister hopes fast progress in South Pars

Assalouyeh, Bushehr Prov, June 15, IRNA – The oil minister of Iran hoped Tuesday that 90 percent of the South Pars-related projects would go on stream in 35 months' time.

Massoud Mir-Kazemi expressed that while addressing the signing-ceremony of different contracts in the Pars Special Economic Energy Zone in Assalouyeh in the Persian Gulf province of Bushehr, southern Iran.

Those contracts were signed by Iran’s President Mahmoud Ahmadinejad to expand phases 13, 14, 23, 22, 19 and 24 of South Pars.

The contracts to expand the phases were signed with different consortiums comprising of several Iranian companies.

Iran, enjoying the exploitation capacity of 29,000 billion cubic meters of gas, owns some 16 percent of the total gas worldwide, the oil minister noted.

By launching those phases, the 250 million cubic meters of gas will be injected daily to oil fields, Mir-Kazemi said.

The income earned form the said activities will be more than the country’s revenues from oil exports./end

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