Bushehr, March 17, IRNA - Four new phases of the South Pars gas field development project were inaugurated at a ceremony attended by Iranian President Hassan Rouhani on Sunday.

Minister of Petroleum and managers and specialists of the phases elaborated on the process of construction of the massive gas refinery and production of various products in it, as well as South Pars development phases.

The Iranian president appreciated efforts by engineers and staff of South Pars, and expressed his congratulations to the Iranian nation.

Phase 13 of South Pars has four sea platforms, 38 wells and four pipelines each with a length of 90 kilometers, is totally Iranian-made at all stages of design, construction, and commissioning.

The development plan for phases 13, 22 to 24 of South Pars enjoys a daily production capacity of 113 million cubic meters of gas, 100 million cubic meters of methane, 150,000 barrels of gas condensates, 800 tons of granular sulfur, 2.1 million tons of liquid gas per year, and two million tons of ethane as the main feed for petrochemical industries.

Under the current situation, Iran's total gas production capacity from the South Pars gas field is 600 million cubic meters a day, which, with the commissioning of these four new phases, the capacity will exceed 700 million cubic meters per day.

According to the report, the daily production capacity of sweet gas in the South Pars region is about 570 million cubic meters, which, with the exploitation of these new phases, will reach about 670 million cubic meters per day, while the gas condensate production capacity from the current 810 barrels will reach 960 million cubic meters per day.

One of the most important productions of new phases of the South Pars is ethane gas, which serves as a feed for olefin complexes and ultimately produces various polymeric materials, including light, heavy, linear, propylene, etc., which with utilizing new phases this capacity rises from 6 million to about 8 million tons annually.

All of these steps are made with a credit of over $ 11 billion, and Iran is ahead of Qatar for the first time to pick up gas from this common field.

The implementation of these projects, which was entrusted to the consortia of Iranian contractors, consultants and constructors, was commissioned with the participation of Khatam-ul-Anbia's Headquarters, by utilizing the maximum power and expertise of domestic companies.

9455**2050

Follow us on Twitter @IrnaEnglish