Tags: ML | Iran | Gas

Iran's President Inaugurates New Gas Projects

Iran's President Inaugurates New Gas Projects

Sunday, 17 March 2019 11:38 AM EDT

TEHRAN, Iran (AP) — Iran's President Hassan Rouhani has inaugurated a new phase in the development of a massive natural gas field.

State TV on Sunday quoted the CEO of the South Pars gas field company, Mohammad Meshkinfam, as saying the development will allow Iran to overtake Qatar in the production of natural gas. The two countries are among the biggest gas producers in the world, and share the South Pars gas field, which is beneath the Persian Gulf.

Rouhani presided over the inauguration of four projects with a total annual investment of $5 billion. Each will produce an additional 56 million cubic meters of natural gas and 75,000 barrels of condensate per day.

Iran currently produces more than 600 million cubic meters of gas and 200,000 barrels of condensate per day.

© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Iran's President Hassan Rouhani has inaugurated a new phase in the development of a massive natural gas field.State TV on Sunday quoted the CEO of the South Pars gas field company, Mohammad Meshkinfam, as saying the development will allow Iran to overtake Qatar in the...
ML,Iran,Gas
131
2019-38-17
Sunday, 17 March 2019 11:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© 2025 Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved