Iran planning to boost fuel exports to Iraq

GMT 06:54 2014 Saturday ,02 August

Arab Today, arab today Iran planning to boost fuel exports to Iraq

South Pars gas field in Afganistan
Tehran - FNA

A senior official at the Oil Ministry underlined Iran's determination to increase its export revenues, and informed that the ministry has a plan to supply Iraq and Afghanistan with various types of fuel.
“Operation of new phases of South Pars (gas field) and ensuing natural gas production enhancement by 100 million cubic meters a day in the near future will cause a significant (volume of) liquid fuel…to be available for export to neighboring countries,” said Managing Director of National Iranian Oil Products Distribution Company (NIOPDC) Mostafa Kashkouli.
He added that Iran has already finalized a deal for gas oil delivery to Afghanistan, adding that talks are under way with Iraq to that effect.
“Given their potential for income generation and hard currency earnings, liquid fuel exports herald a bright perspective for the country,” he said.
Kashkouli stated that Iran is also assessing the conditions for exporting liquefied petroleum gas (LPG) to Iraq and Afghanistan.
The South Pars gas field, divided into 28 phases, is located in the Persian Gulf on the common border between Iran and Qatar. The field is estimated to hold 14 trillion cubic meters of gas as well as 18 billion barrels of condensates.
The field covers an area of 9,700 square kilometers, 3,700 square kilometers of which lie in Iran's territorial waters in the Persian Gulf. The remaining 6,000 square kilometers, better known as the North Dome, are located in Qatar's territorial waters.
In relevant remarks in May, a senior energy official announced that all development phases of the giant South Pars gas field will be accomplished in the next three years.


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