Iran’s non-associated gas fields produce 300mcm per day

TEHRAN, Nov. 13 (MNA) -- Iran’s daily gas output at its non-associated fields has reached 300 million cubic meters, the Iranian Central Oil Field Company’s managing director stated. Mehdi Fakour told that the output at joint gas fields stands at 250 million cubic meters per day. For the next two years, the output at the non-associated fields will be higher than the joint fields and this issue is not in line with objectives of the fifth five-year development plan (2010-2015), he added. It should be noted that the central oil fields of Iran have the capacity to produce 325 million cubic meters of gas per day, the Mehr report added. Iranian oil minister has said the country’s gas output will reach 1.47 billion cubic meters per day by 2015 (end of the fifth five-year development plan). Rostam Qasemi told that the current gas output is 630-650 million cubic meters per day. Iran has attached the priority on boosting gas production capacity from its joint oilfields with Qatar and Saudi Arabia, the minister said. Iran has implemented a crash plan to boost natural gas output at the phase one of the South Pars gas field, which is associated with Qatar in the Persian Gulf. Iran sits on the world's second largest natural gas reserves after Russia and is trying to grow its gas production by increasing foreign and domestic investments, especially in its South Pars gas field. The field has 14 trillion cubic meters of natural gas (about eight percent of the world's reserves) and more than 18 billion barrels of liquefied natural gas (LNG) resources.