Iran plans to start producing gas and condensate at Phases 17 and 18 of the South Pars offshore deposit by late March, boosting output of the fuel that it wants to use as feedstock to triple its petrochemicals output. The two new South Pars phases will produce a combined 50 million cubic meters a day of gas and 80,000 barrels a day of condensate, Hassan Jahangiri, implementation and project manager at Pars Oil & Gas Co., said Thursday in the southern port of Assaluyeh. They are scheduled for completion by the new Iranian calendar year starting March 21, he said. “The project is about 95 percent complete, and it will be ready to be inaugurated before the end of this Iranian year,” Jahangiri said of the two phases. “We are waiting for gas from the offshore fields.” Iran, with the world’s biggest natural gas reserves, according to BP Plc […]