Unfinished Petroleum Projects Worth $8b to Be Completed by March 2023

Several unfinished petroleum projects worth $8 billion are scheduled to be completed by the end of the current Iranian year (March 20, 2023), the 0il minister said.

“The projects are aimed at addressing issues such as enhancing oil and gas production, boosting gas refining capacity, developing petrochemical complexes and collecting associated petroleum gases,” Javad Owji was also quoted as saying by the Oil Ministry’s news service.

Among the projects, he pointed to the final stages of development of South Pars Gas Field and said, “Phase 11 of the massive field will finally become operational before the year is out. The project will add 14 million cubic meters of gas to the country’s daily natural gas production capacity.”