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South Pars Phase 11 Development May Go to Petropars

South Pars constitutes 96% of liquefied petroleum gas, 100% of ethane and 55% of sulfur produced in Iran
South Pars Phase 11 Development May Go to PetroparsSouth Pars Phase 11 Development May Go to Petropars

Domestic companies will start operations to develop Phase 11 of the South Pars Gas Field in the Persian Gulf in October, managing director of Pars Oil and Gas Company, a subsidiary of state-owned National Iranian Oil Company that oversees the development of gas fields said.
"We are willing to cooperate with China National Petroleum Corporation. But the project cannot be delayed further," Mohammad Meshkinfam was quoted Sunday as saying by the NIOC news portal.
French Total S.A. signed a $5 billion agreement in November 2016 to develop SP Phase 11(one of the least developed phases) as head of a consortium that included China National Petroleum Corporation (CNPC) and Petropars.

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