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No Barrier to South Pars Funding

South Pars gas condensate output stands at 600,000 bpd and there are no plans to cut this level
No Barrier to South Pars Funding
No Barrier to South Pars Funding

There is no funding constraint to developing phases 13 and 22-24 in South Pars Gas Field in the Persian Gulf, managing director of Pars Oil and Gas Company said. 
"The Majlis has authorized the National Development Fund of Iran to lend $4 billion to wrap the entire project," Mohammad Meshkinfam was quoted as saying.
Meshkinfam said almost $80 billion has been invested to develop 19 phases of the mega gas project and another $4 billion is needed for the remaining five phases that is being allocated gradually. 

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