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| ‘South Pars development plan to be completed in two years’ |
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 TEHRAN - Iranian Oil minister Rostam Qasemi has said that South Pars gas field's development plan will be completed in two years, the Mehr News agency reported.
Works which have been done toward development of the South Pars gas field were unparalleled in the past century, Qasemi added.
He presented statistics on the current situation of different phase of the gas field, saying that the phases 15 and 16 are complete by 92 percent. The phases 17 and 18 are complete by 80 percent, and the phase 12 – which equals three phases - is complete by 92 percent. The phase 19 – which equals two phases – is complete b 62 percent.
The phase 13 – which equals two phases – is complete by 62 percent. The phases 22-24 are complete by 62.5 percent. The phase 14 – which equals two phases – is complete by 50 percent, and the phases 20-21 are complete by 50 percent, he said.
Working under sanctions requires special capabilities. We have to manufacture equipment domestically or order other countries to manufacture for us. Moreover, financial transactions are difficult, he explained.
On August 2 Qasemi said, "Once all the phases come on stream, Iran's share of gas extraction will equal to that of Qatar." "Currently the development plans of 17 phases are underway".
South Pars is part of a wider gas field that Iran shares with Qatar. The larger field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran's territorial waters (South Pars) in the Persian Gulf. The remaining 6,000 square kilometers, referred to as the North Dome, are in Qatar's territorial waters.
The Iranian gas field contains 14 trillion cubic meters of natural gas, about eight percent of the world's reserves, and more than 18 billion barrels of LNG resources.
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