Mohammad Meshkinfam said that as phases 13, 22 and 24 are ready forlaunch before the calendar year is out, POGC, a subsidiary of National IranianOil Company, will focus on Phase 14 as its main priority next year, ILNAreported.

 

Phase 14 is built to produce 56 million cubic meters of gas per day,400 tons of sulfur, 2,800 tons of propane, 75,000 barrels of condensates and2,550 tons of petrochemical feedstock.

 

It will help meet domestic demand and supply feedstock topetrochemical units in the Pars Special Energy Economic Zone in southernBushehr Province.

 

South Pars is the world's largest gas field shared between Iran andQatar, covering an area of 3,700 square kilometers of Iran's territorial watersin the Persian Gulf.

 

More than $72 billion has been spent on the venture since workstarted. The field is being developed in 24 phases.

 

“Developing Phase 11 is also on the POGC agenda,” Meshkinfam added.

 

The company has been commissioned to develop the second and thirdphases of Kish Gas Field, the second largest in the Persian Gulf after SP.

 

Upon completion of development plans, the field will produce 85million cubic meters of natural gas per day.

 

As the world's fifth biggest offshore gas field, Kish reserves werediscovered in 2006 and is believed to hold an estimated 1.9 trillion cubicmeters of natural gas in situ of which 1.4 trillion cubic meters arerecoverable. It also contains more than 500 million barrels of gascondensates. 

 

Unlike South Pars that is jointly owned with Qatar, Kish is fullyinside Iranian maritime borders near the strategic Strait of Hormuz. 

 

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