South Pars Operating and Exporting

South Pars Operating and Exporting

Iran’s media reported on Monday that the country has started exports of condensate from South Pars Phases 15 and 16 that have recently been made operational.

Reports quoted Pars Oil and Gas Company (POGC) as announcing that 500,000 barrels of condensate from the phases have been loaded and shipped to overseas markets.

Reza Forouzesh, the manager of SP Phases 15&16 at POGC, was quoted by Donya-ye Eqtesad Persian-language newspaper as saying that a second cargo with the same volume will be loaded within the next few days.

Forouzesh added that the sweetening units of the phases have been put under maintenance operations over the past day. “Once the operations are over, the capacity of the treatment plants at the phases will reach 40 mcm/d,” he added.

SP Phases 15&16 were made operational in December 2014. The phases are projected to yield 56.6 mcm of natural gas per day, 75,000 barrels of gas condensate on a daily basis, and more than one ton of liquefied propane and butane as well as one million ton of ethane annually.

Iran’s shares South Pars gas field with Qatar. The Iranian section of the huge field has been defined by POGC into 29 projects or phases. Overall, South Pars has about 14 trillion cubic meters of gas, or about 8% of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.

Source: Press TV


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