Wait for Iran's Gas Surprise after Oil
Dalga Khatinoglu, exclusively for Shana After increasing both Iran's oil production and exports by about one million barrels per day since elimination of sanctions in mid-January, it is the time to wait for Iran's gas surprise. Iran's actual sweet gas production level increased to above 178bn m3 last year, while the raw gas production capacity reached 260bn m3/yr, thanking to commencing new phases of giant gas field with Qatar, South Pars. Iran has boosted the raw gas output from this field to above 132bn m3/yr last fiscal year, which ended on March 21, but 5 new phases are expected to become operational during current year. The final production capacity of these 5 phases is about 55bn m3/yr and some of them are currently producing gas with half capacity. The Iranian side of South Pars has been divided to 24 phases, of which stages 1-10, 12, 15 and 16 are fully operational now. Once, the all 24 phases of this filed become operational by 2019, the country&