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NIOC Studying CNPC's Plan for SP Phase 11

Talks are underway with CNPC to allocate 80% of the finance for the $4.8 billion initiative and the rest will be funded by POGC
NIOC Studying CNPC's  Plan for SP Phase 11NIOC Studying CNPC's  Plan for SP Phase 11

Oil Minister Bijan Namdar Zanganeh said Iran’s annual ethane production has increased by 60% over the course of four years to March 2018, amounting to 6 million tons, and is slated to observe a big leap by 2021.
"The country's ethane production capacity stood at 3.8 million tons per year in 2014, while the figure increased to 6.11 million tons by the end of the last fiscal [March 2018]," Zanganeh was also quoted as saying by Shana on Tuesday.
He noted that it will reach 8 million tons per annum by the end of the current fiscal (March 20, 2019).

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