Iran’s natural gas production has reached a record high even as US sanctions caused major international exploration companies to scale back their activities in the Islamic Republic. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Production has hit a record of 1.04 Bcm/d, Iran’s oil minister Bijan Zanganeh said Feb. 7 on the sidelines of a petrochemicals conference in Tehran. Iran in April last year officially began the long-delayed development of phase 11 of the giant South Pars gas field. Output in early 2020 was 670 million cm/d. The original development contract signed in 2017 by France’s Total and China’s CNPC was taken over by leading Iranian contractor Petropars after US sanctions were tightened under former President Donald Trump. […]