Why it matters:
The project aims to counteract pressure drops, sustain peak gas production, cut losses in gas and gasoline, and prevent flow of gas into the joint gas field with Qatar.
The big picture:
South Pars is the world’s largest gas field, and its sustainable exploitation is key to Iran’s long-term energy strategy. The project will divide the field into seven pressure enhancement hubs, setting the stage for a new era of self-reliant development.
With 420,000 tonnes of structural components planned, 70% sourced domestically, the deal underscores a commitment to leveraging national resources to fuel economic advancement.
What they're saying:
Officials from the National Iranian Oil Company, alongside partners such as Petropars, Khatam al-Anbiya Construction Headquarters, OICO (Oil Industries Engineering and Construction, also known as (OIEC), and Mapna Company, stressed that the project is now fully operational.
They emphasized that the contract marks a decisive step in maintaining maximum gas production and reducing operational losses, ensuring that the benefits of the project extend well beyond energy security.
Key points:
- Operational Goals are to counteract pressure drops, maintain maximum gas output, and reduce gas and gasoline losses.
- Creation of 17,000 direct jobs and 50,000 indirect jobs.
- The South Pars field will be split into seven hubs, with a total of 420,000 tonnes of construction material, 70% of which will be supplied domestically.
Go deeper:
This landmark agreement propels Iran’s oil industry into a new phase of sustainable exploitation of its largest gas field.
As the project unfolds, it is expected to significantly reduce dependency on imports while creating a ripple effect of growth across domestic industries, paving the way for broader economic development.
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Hossein Vaez ghasemi
