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Iran’s oil minister said completion of new development phases at the South Pars gas field will help the country to raise extraction of gas from the joint offshore field to a level equal to that of Qatar by next March.
Managing Director of National Iranian Gas Company Hamid-Reza Araqi said the NIGC will supply Chabahar Power Plant with compressed natural gas (CNG).
Iran said on Friday that it will take over Qatar in production of natural gas from a key field that both share as it expects a significant rise in production from the field before March 2017.
Iran says its gas recovery from the supergiant South Pars gas field will catch up with that of Qatar before the end of the current Iranian calendar year which began on March 20.
The Indian government is reportedly determined to seal a deal with Tehran on laying a direct undersea gas pipeline from Iran to India.