Bernama cited Mr Mahmoud Zirakchainzadeh MD of Iran Offshore Oil Company as saying that Iran will launch a project with the goal of generating electricity from natural gas produced in Forouz B gas field, located in the Persian Gulf. The project is aimed to produce 12,000 MW of electricity.

On February 21, Iran Offshore Oil Company struck USD 3.8 billion deal with Iran’s Power Projects Management Company for the development of the Persian Gulf's Forouz B gas field and an associated gas fired power project.

Mr Abbas Aliabadi MD of MAPNA said that the field holds around 28 trillion cubic feet of in-situ natural gas and 180 million barrels of gas condensates.

Mr Aliabadi said that the development plan which is set for completion within five and a half years aims to produce one billion cubic feet of gas, 10,000 barrels of condensates and 3,000 MW per day of power in the Phase I.

Source - Bernama.com

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