Iran to develop all of South Pars gas field by 2015, Shana says

Bloomberg: Iran plans to complete the development of its South Pars gas field by March 2015, the oil ministry’s news website Shana reported, citing National Iranian Oil Co. Managing Director Ahmad Qalebani.

Bloomberg

By Ladane Nasseri

Iran plans to complete the development of its South Pars gas field by March 2015, the oil ministry’s news website Shana reported, citing National Iranian Oil Co. Managing Director Ahmad Qalebani.

Qalebani did not elaborate on the current status of the different development phases for South Pars, the world’s largest gas deposit, according to the report published yesterday. Iran shares the deposit with neighboring Qatar.

The field’s development consists of 28 phases, Iranian officials have said. Iran’s plans to develop South Pars have been hampered by international economic and financial sanctions over the Persian Gulf state’s nuclear program.