Iran vows to match Qatar in terms of overall energy production

15 Apr 2017   Iran, Qatar

Iran says it could match Qatar with it production goals. Both sides share in the development of a giant Persian Gulf field that Iran calls South Pars. File photo by Maryam Rahmanian/UPI. April 14 (UPI) — Iran could go tit-for-tat on production trends with Qatar given recent developments at a Persian Gulf oil and gas field, the Iranian oil minister said. Iran’s Oil Ministry last month said production started from the oil layer in the South Pars field complex in the Persian Gulf for the first time. Using a floating production and offloading vessel, or FPSO, the ministry said production could reach a net peak capacity of 35,000 barrels per day at some point this month. The oil ministry estimates the field, which Iran shares with Qatar, holds more than 14 billion barrels of oil. Oil Minister Bijan Zangeneh said on the sidelines of a conference with the Iranian […]

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