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Iran needs $4.6bn to raise gas production by 2016
- Iran: Wednesday, October 31 - 2012 at 02:27
The National Iranian Gas Co has said the Islamic Republic needs some $4.9bn of investment in its gas sector to boost output to 1.3 billion cubic metres by March 2016. The country's total gas production currently stands at 650 million cu m/d. It plans to raise gas production from the giant offshore South Pars field to 800 million cubic metres a day by 2016, higher than Qatar's output of 550 million-560 million cu m/d from the shared field.
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