Iran Resolved to Produce over 1.3 Billion Cubic Meters of Gas per Day
“According to the quantitative goals set in the Seventh Development Plan, the country’s crude gas production is expected to reach 1.34 billion cubic meters per day by the end of the plan,” Mohsen Paknejad said.
Achieving this target requires the development of gas fields and the implementation of production maintenance projects to prevent output decline.
The minister explained that expert estimates indicate that development and production maintenance projects will require approximately $75 billion in investment.
He went on to say that $53 billion of the abovementioned fund will be allocated to developing new gas fields, while $22 billion will be dedicated to production maintenance projects, including the South Pars pressure enhancement plan.
Paknejad stressed that reaching the daily production target of 1.34 billion cubic meters of gas over the next four years will require an average annual investment of $19 billion.
In February, Gholamabbas Hosseini, the CEO of the SPGC, pointed to the stability of gas production across all refineries in Phases 1 and 2 of South Pars, adding, “Renovation and maintenance operations for various pumps, boilers, and turbo-compressors are being successfully carried out using the expertise and innovative approaches of South Pars specialists.”
Hosseini noted that significant achievements have been made in maintaining production stability through both short-term and long-term maintenance efforts.
He emphasized that gas production across the South Pars Gas Complex refineries is now stable, and with the support of creative and innovative experts, there are no issues in maintaining units, parts, or strategic equipment.
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