Iran needs $4.9 bln annually to boost gas output
Iran needs 60 trillion rials (about $4.9 billion) to be invested
annually in its gas sector to boost output to 1.3 billion cubic
meters by March 2016, the Shana news agency quoted National Iranian
Gas Company's managing director Javad Owji as saying.
"To realize the goal, infrastructures such as refineries, transfer
lines.. should be expanded," Owji said.
Iran plans to increase gas production from the giant offshore South
Pars field to 800 million cubic meters a day by 2016, higher than
Qatar's output of 550 million-560 million cu m/d from the shared
field.
Iran's total gas production currently stands at 650 million cu
m/d.
With 34 trillion cubic meters of natural gas reserves, Iran has the
world's second-largest natural gas reserves after Russia.
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