Iran’s gas production will increase by 80 to 100 mcm per day in the current Iranian calendar year.
Iranian deputy oil minister, Mansour Moazzami said the president of Iran Hassan Rouhani called on the oil ministry to ramp up output in the oil & gas fields the shares with Kuwait, Qatar, Saudi Arabia and Iraq.
“The issue of joint oil and gas reserves and utilizing these resources is a priority by the 11th government,” president Rouhani said during a surprise visit to the Oil Ministry.
The Iranian president also made similar remarks during his visit to Darhkoveyn oil region in the Southwestern Khuzestan province in January.
Rouhani said that the country is currently at a stage where it should increase its relations with other countries, but within the bounds of national interest.
“We stretch out our hand towards everyone who performs the task cheaper and better,” he said.
The president said his government supports further development of shared oil and gas fields, highlighting the importance of deploying modern technologies for the development of the fields.
The National Iranian Oil Company (NIOC) has laid increasing emphasis on its plan in the last two years to boost oil extraction in joint fields. Iran has attached priority to boosting gas production capacity from its joint oilfields with Qatar and Saudi Arabia.
The Iranian share, which is divided into 24 phases, has about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.
Qatar plans to cooperate with Iran to develop its share of the world’s biggest gas field so that both countries can reap the maximum long-term rewards, sources at state-run Qatar Petroleum (QP) said in 2012.
The giant gas field beneath the waters of the Persian Gulf, which Iran calls South Pars and Doha calls the North Field, accounts for nearly all of Qatar’s gas production and around 60 percent of its export revenues.
The massive Arash field’s reserves are believed to contain around 20 trillion cubic feet (tcf) of natural gas. The field is shared by Iran, Kuwait, and Saudi Arabia where it is known as ‘Dorra’ and is a contested area between Tehran and Kuwait.
Kuwait claims it owns more than 50 percent of the field, however Iran believes that both countries have equal shares.
