Azerbaijan , Baku, Feb. 25 / Trend, A.Yusifzade /
The managing director of the Pars Oil and Gas Company, Mousa Souri said that from 68 to 71 percent of the required goods on some new phases of South Pars gas field projects are being supplied by domestic manufacturers, Shana reported.
According to Souri, $9 billion has been invested at South Pars gas field since the beginning of the current Iranian calendar year (started March 21 2010).
Earlier Souri said that total investment for this year would climb to $11 billion.
"This year, absorption of financial resources has been unprecedented when compared with recent years, "Souri said.
Referring to development of shared oil and gas fields specially South Pars gas field as the top priority of Iran's ministry of petroleum, Souri expressed hope that members of the parliament pay special attention to development of the remaining phases of South Pars gas field through allocating financial resources to the region.
The South Pars field is a gas condensate field located in the Persian Gulf. It is the world's largest gas field and is shared by Iran and Qatar. According to the International Energy Agency, the field holds an estimated 50.97 trillion cubic meters (1800 trillion cubic feet) of in-situ gas and some 50 billion barrels of condensates.
Iran holds the world's second-largest reserves of natural gas and the third-largest reserves of oil.