10 December 2022 - 13:10
  • News ID: 465743
South Pars Phase 11 Project Online Soon

TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said the gas from South Pars Phase 11 Project would come online in February.

According to NIOC, Mohsen Khojastehmehr said the gas would come online after two decades of work in the offshore plan.

Iran shares South Pars with Qatar in the Persian Gulf.

Speaking on Friday evening that the project was about to come online after two decades of work and $85 billion investment.

He further said that over 700 million cubic meters of gas is being produced from the joint gas field daily, adding that the field accounts for over 70% of Iran’s gas supply.

“Right now, $27 billion worth of projects are being implemented in the upstream part of the South Pars region,” he added.

News ID 465743

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