According to ICANA, the official told the parliament’s planning, budget and calculation committee on Monday, Zangeneh said that developing Phase 11 project of the joint field would commence soon.

The project is to be developed by Petropars Company. A consortium of Total, CNPCI and Petropars were initially supposed to develop the field. However, Total and CNPCI have pulled out of the project and Petropars is to develop it alone.

“Fortunately, the projects in oil and gas fields are progressing well despite the sanctions and this progress is very vivid in South Pars,” he said.