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Iran's president inaugurates new gas projects

 By The Associated Press  March 17, 2019 at 7:40am
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TEHRAN, Iran (AP) — Iran’s President Hassan Rouhani has inaugurated a new phase in the development of a massive natural gas field.

State TV on Sunday quoted the CEO of the South Pars gas field company, Mohammad Meshkinfam, as saying the development will allow Iran to overtake Qatar in the production of natural gas. The two countries are among the biggest gas producers in the world, and share the South Pars gas field, which is beneath the Persian Gulf.

Rouhani presided over the inauguration of four projects with a total annual investment of $5 billion. Each will produce an additional 56 million cubic meters of natural gas and 75,000 barrels of condensate per day.

Iran currently produces more than 600 million cubic meters of gas and 200,000 barrels of condensate per day.

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The Associated Press
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands. Photo credit: @AP on Twitter
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
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