Petropars to develop world’s largest gas field, South Pars, Phase 11 in IranChristian Fernsby ▼ | January 25, 2020
Iran’s Oil Minister Bijan Namdar Zanganeh says the domestic firm, Petropars, will develop phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil major Total and the China National Petroleum Corp (CNPC).
Energy in Iran South Pars gas field
Topics: Gas South Pars Iran
After canceling the agreement to develop the field due to the mounting U.S. pressure and new sanctions that forced international firms to walk away from Iran in 2018, Total company submitted the project's documents to its partner, CNPC, in October 2018.
Both companies have now exited the deal, and the Iranian firm will take on the project.
South Pars is the world’s largest gas field, shared between Iran and Qatar, covering an area of 3,700 square kilometers of Iran’s territorial waters in the Persian Gulf. It adjoins Qatar’s North Field that measures 6,000 square kilometers.
The reservoir constitutes 96% of liquefied petroleum gas, 100% of ethane and 55% of sulfur produced in Iran. ■