Reaching natural gas production of one billion cubic metres per day (Bcm/d) has been one of the three core hydrocarbons resource strategies of Iran since the Islamic Republic began to seriously develop the supergiant South Pars non-associated gas field in 1990, alongside producing 5.7 million barrels per day (bpd) of oil and building out a world-class petrochemicals sector. As highlighted by OilPrice.com , Iran is currently working quietly towards the oil output and petchems sector targets, but it also announced last week that it is finally to achieve its monumental and long-awaited gas production target this Iranian calendar year (ending on 20 March 2021). At the same time, it also announced that its flagship Persian Gulf Star Refinery (PGSR) – essential to Iran’s new-found gasoline self-sufficiency – is ramping up its refining capacity. South Pars – the 3,700 square kilometer portion of the 9,700 square kilometer gas basin that […]