The production of gas condensate in Iran rose 20 percent in the first eleven months of the current Iranian calendar year (March 21, 2015-February 19, 2016), compared to the same period of time in the past year, said Abdulhossein Samari, the operations manager of the National Iranian Gas Company (NIGC).
The production of Gas condensate, a light form of crude oil produced in association with natural gas, reached around 234 million barrels in the 11-month period, the Islamic Republic of Iran Broadcasting (IRIB) reported on Saturday.
During the mentioned time, Samari said, the output of sulfur also jumped seven percent in comparison with the last year’s figure which stood at 917,000 tons.
According to him, Iran produced over 21.251 million barrels of liquefied petroleum gas (LPG) during the period, showing a 35 percent growth relative to the last year’s record.
In the 11-month time span, the official added, the gas refining capacity surged seven percent to 162.5 billion cubic meters.
Iran aims to nearly double gas production to reach one billion cubic meters per day in less than two and a half years.
With its 34 trillion cubic meters of natural gas, Iran has the biggest gas reserves in the world.
The country intends to enhance gas production by increasing foreign and domestic investment, especially in its South Pars gas field.
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