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67 Oil, Gas Projects to Come on Stream by March 2024: Iran’s VP

  • August, 16, 2023 - 09:28
  • Economy
67 Oil, Gas Projects to Come on Stream by March 2024: Iran’s VP

TEHRAN (Tasnim) – Iran’s first vice president on Tuesday stated that 67 oil and gas projects will be put into operation by the end of the current Iranian calendar year (March 19, 2024).

Economy

Out of 83 oil and gas projects worth $36 billion, 67 valued at more than $15 billion will come on stream by March, Mohammad Mokhber noted, SHANA reported. 

On Monday, Oil Minister Javad Owji said, “Last year, we completed semifinished projects worth over $12 billion and more partly-finished projects worth $15 billion will become operational by mid-March 2024.”

On Tuesday,  the National Iranian Oil Company (NIOC) said that gas production at Phase 11 of the South Pars (SP) field has started.

 
R1651/P42410
Read more
Iran Starts Gas Production at South Pars Phase 11: Deputy Oil Minister
$36 Billion Worth of Projects Defined for Optimizing Iran Oil Industry
Not A Cent of Oil Revenues Blocked during Current Administration: Iran's Oil Minister
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