Oil Minister Bijan Namdar Zanganeh expressed hope that Iran will have a daily output of 1 billion cubic feet (bcf) from the under-development phase 11 of the South Pars gas field, the world's largest gas reservoir.
Iran will be able to produce more than one billion cubic meters (bcm) of gas per day once the final platform is installed at the South Pars offshore field, Oil Minister Bijan Namdar Zanganeh said Monday night.
Iran’s petrochemical plants are under development in concord with the policies of the country’s Islamic Establishment to boost employment and minimize exports of crude oil and unprocessed gas, said the oil minister.
Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that he expects further production decrease during the next meeting of the Organization of the Petroleum Exporting Countries (OPEC) in December.
Iran will not cave in to US pressure and is determined to exhaust every possible means to export its oil and related products, Iranian Oil Ministry’s website Shana quoted Oil Minister Bijan Namdar Zanganeh as saying on Sunday.
Iranian Oil Minister Bijan Namdar Zanganeh called on the regional states to view Iran as their friend, expressing Tehran’s preparedness to work with its neighbors to secure the Persian Gulf and the Strait of Hormuz.