The Role of South Pars Gas Field on Economic Growth of IRAN

IRAN economic Growth relies much on natural resources, leading to large quantities of greenhouse gas emissions. Petrochemical Sector is no doubt, vital for the stimulation of economic growth of any country, IRAN is not an exception. This sector needs more government assistance in technology expansion, and financial help in order to grow faster and compete with global competitors. This article presence the current scenario of the petrochemical industry in IRAN. South Pars Gas Field is the largest gas field in the world. This field in the Persian Gulf and is located on the border of Iran and Qatar. In it, Dalan–Kangan formations are containing gas reservoirs. Energy (renewable and non-renewable) plays a major role in the production process in the national economy. Natural gas (NG) plays a major role in linking fossil fuels to renewable fuels. When associated with other fossil fuels (coal and oil), NG produces half of the pollution. Current technological advancements have sparked a surge in natural gas production in the IRAN, with increased supplies and significantly cheaper costs expected well into the future. On the other hand, South Pars gas field as one of the world’s largest gas fields can play key role on Iran’s energy future. Therefore, in this research, effect of South Pars development projects on energy and consequently, economy of Iran has been discussed.

Keywords:

South Pars Gas Field , Economic Growth , Natural Gas (NG) , IRAN