{"id":22352,"date":"2025-02-02T23:59:00","date_gmt":"2025-02-02T20:29:00","guid":{"rendered":"https:\/\/en.hamsonews.com\/sp-pressure-boost-project-contracts-worth-17b-to-be-signed\/"},"modified":"2025-02-02T23:59:00","modified_gmt":"2025-02-02T20:29:00","slug":"sp-pressure-boost-project-contracts-worth-17b-to-be-signed","status":"publish","type":"post","link":"https:\/\/hamsonews.com\/en\/sp-pressure-boost-project-contracts-worth-17b-to-be-signed\/","title":{"rendered":"SP pressure boost project contracts worth $17b to be signed"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/en.hamsonews.com\/wp-content\/uploads\/2025\/02\/5358988.jpg\" \/><\/p>\n<div itemprop=\"articleBody\" class=\"item-text\">\n<p dir=\"ltr\">This follows the completion of preliminary studies and the signing of initial agreements with four main contractors last year, worth up to $400 million, Reza Dehqan added.<\/p>\n<p dir=\"ltr\">Dehghan, speaking at a press conference Sunday, emphasized that the South Pars gas field, the world\u2019s largest, supplies 70% of Iran\u2019s domestic, industrial, and power plant gas consumption, as well as over 40% of the country\u2019s gasoline needs.<\/p>\n<p dir=\"ltr\">However, after three decades of extraction by Iran and Qatar, the field has experienced natural pressure decline. Studies predict that by 2026, production will decrease by the equivalent of one South Pars phase (28 million cubic meters per day), and by 2028, it will drop by 1.5 phases (42 million cubic meters per day).<\/p>\n<p dir=\"ltr\">Dehghan warned that without timely intervention, this pressure drop could have serious implications for Iran\u2019s energy security and economy. The pressure boost project is therefore a strategic priority for the Oil Ministry to maintain production levels.<\/p>\n<p dir=\"ltr\">MA\/Shana.ir<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/en.mehrnews.com\/news\/227784\/SP-pressure-boost-project-contracts-worth-17b-to-be-signed\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This follows the completion of preliminary studies and the signing of initial agreements with four main contractors last year, worth up to $400 million, Reza Dehqan added. Dehghan, speaking at a press conference Sunday, emphasized that the South Pars gas field, the world\u2019s largest, supplies 70% of Iran\u2019s domestic, industrial, and power plant gas consumption, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":22353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":["post-22352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/posts\/22352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/comments?post=22352"}],"version-history":[{"count":0,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/posts\/22352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/media\/22353"}],"wp:attachment":[{"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/media?parent=22352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/categories?post=22352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/tags?post=22352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}