At the GECF (Gas Exporting Countries Forum) ministerial meeting hosted by Qatar, the Acting Minister of Oil examined the current state of Iran's oil and gas industry and the existing capacities in the country's oil and gas fields.
Capacities of Iran's Oil Fields
The Iranian Ministry of Oil, as one of the largest producers of oil and gas in the world, has significant fields including the Azadegan oil field with a capacity of 650,000 barrels per day and the Yaran oil field with a capacity of 300,000 barrels per day. Additionally, the South Pars gas field, considered the largest gas field in the world, with a daily production capacity of 700 million cubic meters of gas, is one of the essential pillars of the country's energy supply.
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During this meeting, the Acting Minister of Oil emphasized the need for international cooperation and outlined future plans to increase production and efficiency from these fields. He also mentioned that, given the sanctions conditions, the Ministry of Oil has prioritized the necessary planning to attract foreign investment.
Importance of International Cooperation
The Acting Minister of Oil, referring to the importance of international cooperation in the development of oil and gas fields, stressed the necessity of creating suitable platforms for collaboration with foreign companies. He also pointed out the existing challenges in this area and emphasized the need to remove existing obstacles.
At the end of the meeting, the Acting Minister of Oil highlighted the key role of natural gas in the transition to sustainable energy, emphasized the importance of gas as a clean energy source, and expressed hope that with the cooperation of the countries present at the GECF, sustainable development of the gas industry could be achieved.
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