Reasons for Iran to focus on South Pars gas field
Iran says it is preparing to commence 15 new phases of South Pars gas field in three years, while 5 phases of the giant field have become operational during the last two years. Iranian Oil Minister Bijan Namdar Zanganeh said on August 27 that Iran would overtake Qatar in South Pars by 2018. South Pars, a joint gas field between Iran and Qatar, holds about 10 percent of global conventional gas reserves. Qatar started the gas production from this field a decade earlier that Iran, while Iran hadn't commenced any new phases from 2009 to 2014. ...
Click
To Read Full Article