Russian, Chinese, French companies keen to join S.Pars projects: Oil official

EghtesadOnline: Deputy minister of petroleum announced that French, Chinese and Russian companies have made request from Iran for cooperating in development project of the phase 11 of the South Pars gas field in south of the country.

News ID: ۷۳۷۶۸۹

25 October 2016

Along with the French oil and gas company of Total, several companies from Russia and China have requested presence in that development projects, Ali Kardor said.

Kardor added that phase 11 of the South Pars will be finalized within next months, reports IRNA.

The development project on the South Pars phase 11 had been pending for eight years before the new Iranian government took office in August, 2013, and started organizing the project and completely developing the pending gas projects in the South Pars gas field.

After the July 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), the international oil companies headed for Iran to hold talks on the oil industry with the Iranian officials.

Kardor said that the presence of Total in South Pars is not certain, adding several foreign companies have expressed willingness to cooperate with Iran in the phase 11 development project, but their presence is not certain and definite.

The aim of finalization of the development project on the phase 11 South Pars is to daily produce two billion cubic feet of gas.

South Pars is the world's biggest gas field situated in the Persian Gulf and in the territorial waters of Iran and Qatar.

The South Pars gas field, which is named in Qatar as North Dome, is shared between the two countries.