Iran's natural gas production surged by 10 percent to 202 billion cubic meters in the year from March 2014 to March 2015 in accordance with Iran's annual calendar which started on March 21, according to an natural gas official.
The director of the dispatch department of Iran's national gas company, Manouchehr Taheri, said its exports also rose by four percent up to 9.7 billion cubic meters, bcm, mostly to Turkey despite a gas price dispute, Iran's energy agency Shana reported.
The Iranian energy sector's prospects have been positive since a tentative agreement was made with world powers over its disputed nuclear program that brought crippling sanctions on the country.
Iran's gas reserves, which were the largest globally, remained idle due to lack of investments during the row with the international community over its nuclear program that caused the exit of many global companies from the country.
Iran has recently increased its production from the South Pars gas field, which already produces more than 30 percent of its total gas production. New phases on this world's largest gas field will be opened in June.
By Furkan Naci Top
Anadolu Agency
furkan.top@aa.com.tr