Akbar Torkan, the managing director of Pars Oil and Gas Company told the Mehr News Agency that by 2012 Iran would leave Qatar behind in extraction of gas resources of the joint South Pars oil and gas field, by achieving the production of 25 bln cube meters.

Akbar Torkan, the managing director of Pars Oil and Gas Company told the Mehr News Agency that by 2012 Iran would leave Qatar behind in extraction of gas resources of the joint South Pars oil and gas field, by achieving the production of 25 bln cube meters, MNA said.

Although Iran’s present gas production in the South Pars is less than Qatar’s, the country would take the lead by 2012, he stated.

He also said that Iran has launched gas production in the joint oil and gas field in 2001, while Qatar has started production 10 years earlier, 1991.

Nevertheless, Iran managed to reach the gas production to 125 mln cu. m in 2005, that is equal to Qatar’s, by commissioning the phases 4 and 5, Torkan added.

He named increase of new contracts recently made by Qatar for implementing the development projects as another reason for the growth in gas production by this country, compared with the current amount by Iran.

According to Torkan, by commissioning phases 6, 7, and 8 in the next Iranian year (started March 20, 2006), as well as phases 9-13, 15, 16, 17, and 18 of the South Pars, Iran’s production quota will be boosted. The contracts on developing the said phases have been made, he stated.

Referring to the phases 19-22 of the giant gas field, the managing director noted that the contracts on developing these phases are yet to be put into tender, since Oil Ministry should decide on the form of the credit allocation.

Source : www.iranmania.com