Iran Press/ Iran News: According to Mohsen Khojastehmehr, CEO of the National Iranian Oil Company, this investment aims to bolster gas production from Iran's offshore fields by 240 million cubic meters.
NIOC CEO said: "We have put development plans on the agenda to supply the gas needed by the country; included in these plans is the development of the North Pars gas field which is equivalent to four phases of South Pars, with an investment of about $4 billion."
Khojastehmehr further added that the development of the first phase of the Kish gas field is on NIOC's agenda, adding: "Accelerating completion of phase 11 of South Pars and also using the capacities of Iran's onshore fields will be part of plans to enhance the country's gas output."
Regarding the amount of investment needed to increase gas production in the offshore sector, the CEO of the National Iranian Oil Company said: "We will invest about $11 billion in offshore areas so that we can add about 240 million cubic meters per day to the country's gas production capacity."
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