Iranian ex-official rejects oil minister’s claim about South Pars gas field development plan

Business Materials 14 August 2013 14:46 (UTC +04:00)

Azerbaijan, Baku, Aug.14/ Trend F.Karimov/

A former manager in Iran's oil industry has said that development of the South Pars gas field will not be completed even by the next ten years, although oil minister Rostam Qasemi said yesterday that the plan will be completed in two years, ISNA reported.

"Development of the phases 15 and 16 will not be completed by the next five years. The same situation applies for the phases 12, 17 and 18," Masoud Soltanpour said.

Other phases will not be developed by the next eight years, he added.

If two phases of the gas field are developed each year, it will take at least ten years to develop all the phases, he explained.

This is while oil minister Rostam Qasemi has said that works which have been done toward development of the South Pars gas field were unparalleled in the past century.

According to Qasemi, 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.

On August 2 Qasemi said, "Once all the phases come on stream, Iran's share of gas extraction will equal to that of Qatar."

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.