CEO of the National Iranian Oil Company (NIOC) Mohsen Khojastehmeh stated that phase 11 of the South Pars Gas Field has been at the top of the agenda of the company as a strategic plan.
He thanked the staff and expert engineers of the company for their efforts to realize the objectives of this giant gas project in the country and added, “Presently, we are witnessing gas production from four gas wells in Phase 11 of the field.”
Phase 11 of the South Pars Gas Field is ready for official inauguration in the presence of Iranian President Ebrahim Raisi, Oil Minister Javad Owji and other high-ranking officials of the country soon, Khojastehmehr stated.
Measures taken by the company in the South Pars Gas Field have not yet finished, he said, adding that $20 billion worth of credit has been allocated for boosting gas pressure at South Pars.
The development plan of Phase 11 of the South Pars Gas Field is ongoing with the aim of extracting 56 million cubic meters of gas/day, the NIOC chief added.