Iran loses $3 bln a month to Qatar delaying South Pars gas field full development

Iran Materials 21 December 2011 14:32 (UTC +04:00)

Azerbaijan, Baku, Dec. 21 / Trend M. Moezzi

Iran loses every month $3 bln in South Pars gas field, because Qatar extracts 2.5 times more gas than Iran from this joint field, Pana News reported quoting a member of the parliament.

In a public speech at Iran's Parliament (Majlis) on Tuesday Dec. 19, Ahmad Mahmoudi Abhar said Iran loses $3 bln a month to Qatar in South Pars.

According to Iran's oil ministry, the country's income from South Pars is $40 bln while Qatar's is $100 bln.

Qatar launched developing South Pars ten years before Iran and intensified developing South Pars, while Iran suffers international sanctions and technical-financial obstacles.

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