The managing director of South Zagros Oil and Gas Production Company (SZOGPC) said his company has produced 50 billion cubic meters of natural gas since March 2017, beginning of the current Iranian calendar year.

Gholamhossein Montazeri said the gas is valued at $7b, adding the company has also supplied 16 million barrels of gas condensate during the period.

The company has also sent 2 million barrels of crude oil, valued at roughly 150 million dollars, to Shiraz Refinery for processing.

Montazeri further added that his company also received an ISO 50001 certificate for energy management during this calendar year.