Iran will complete phases 15 and 16 by April 2012 and phase 11 will be the last, Souri said, according to the oil ministry’s news website.
The Persian Gulf nation in January said that it plans to complete the development of South Pars, which together with Qatar’s North Field forms the world’s largest known deposit of the fuel, by March 2015. Iran’s plans to develop South Pars have been hampered by international economic and financial sanctions over the state’s nuclear program. The field’s development consists of 28 phases, Iranian officials have said.
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