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Development of Iranian SP's four phases postponed for year

Iran Materials 27 November 2011 13:00 (UTC +04:00)

Azerbaijan, Baku, Nov.27 / Trend, F.Milad/

Development of phases 15 to 18 of Iran's South Pars gas field, scheduled to be operational by late current Iranian calendar year (March 20, 2012), were postponed for the next year, Iranian Oil Minister Rostam Qasemi said.

He declined to further comment on the issue, Mehr news agency reported.

Qasemi has ordered all the contractors of the South Pars gas field development projects to work round the clock in three shifts to complete development of all phases, especially the phases 12, 15, 16, 17 and 18.

The contractors should report at least 2 percent growth in their overall progress each month, ISNA news agency quotes the minister as saying.

Iran and Qatar have shares in the South Pars gas field. Iranian share, which is divided into 29 phases, accounts for about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.

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