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Iran to Develop South Pars Gas Field by October 2015, Shana Says

Oct. 10 (Bloomberg) -- Iran said all the phases of the South Pars natural-gas field will come on stream by October 2015, Shana reported, citing Mousavi Souri, the managing director of the South Pars Gas and Oil Co.

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.

To contact the reporter on this story: Ladane Nasseri in Dubai at lnasseri@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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