facebook
twitter
rss
account
search
search
 

Iran boasts of gas production from eastern fields

March 18, 2014 at 7:48 AM   |   Comments

TEHRAN, March 18 (UPI) -- A director for Iran's eastern gas fields said Tuesday production for the Iranian year should be in line with expectations of 2 billion cubic feet per day.

Mohammad-Reza Mehdi-Pour, managing director of Iran's East Oil and Gas Production Co., said gas fields along the eastern border produced as expected, the Oil Ministry's official news agency Shana reported.

He added gas production from the Khangiran and Gonbadli fields has outpaced regional refinery capacity by more than 10 percent.

Iran is the third-largest natural gas producer in the world. Much of its production comes from the South Pars gas field in the Persian Gulf.

Iran's semiofficial Mehr News Agency reported Tuesday five of the 12 wells from phase 12 operations should begin in mid-April.

Iranian Deputy Oil Minister Mansour Moazami said, however, China National Petroleum Corp. was at risk of losing its $4.7 billion contract for South Pars development.

He told the Wall Street Journal, in an interview published Monday, there were "many, many" development delays from CNPC.

"We are giving a first warning, a second warning," he said. "Maybe in the end, we will terminate the contract."

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Freedom variant LCS takes to water Freedom variant LCS takes to water
2
MDA demos tracking, targeting capability of Aegis MDA demos tracking, targeting capability of Aegis
3
Australia upgrading Tiger helos; receives MH-60R from U.S. Australia upgrading Tiger helos; receives MH-60R from U.S.
4
CNN absent from the Dish Network lineup CNN absent from the Dish Network lineup
5
India touts successful test of locally designed cruise missile India touts successful test of locally designed cruise missile
Trending News
Around the Web
x
Feedback