Middle East Economic Survey

VOL. XLVIII

No 45

7-November-2005

IRAN

POGC Estimates South Pars Condensate Exports At Over 125Mn Barrels To Date

The Pars Oil and Gas Company (POGC) subsidiary of the National Iranian Oil Company (NIOC) announced on 31 October that total condensate exports from the first five phases of the South Pars offshore gasfield development had amounted to more than 125mn barrels to date. The company estimated current total production from Phases 1-5 at 125mn cu ms/day (4.42bn...