Iran Proceeding with South Pars Project Alone: Deputy Oil Minister

The Islamic Republic of Iran has managed to proceed with development of huge South Pars gas field in the Persian Gulf despite the fact that all foreign companies abandoned the project after anti-Tehran sanctions came into force, a senior oil official said.

“Despite the economic sanctions and despite the fact that all foreign partners, foreign engineers, foreign companies, left, we have been able to develop Assaluyeh at a good pace with all-Iranian human resources as well as home-grown technology,” Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said, The Japan Times reported on Sunday.

He further described the development as “one of the silver linings” of the economic sanctions.

“Within two to three years, we will be a major supplier of gas to our neighbors,” Zamaninia said.

On Tehran-Tokyo’s energy cooperation, he said it is “quite possible” for Iran and Japan to form a long-term partnership for the supply of Iranian LNG to Japan.

“Japan has a great potential of becoming a major partner for Iran in developing its gas industry”.

The South Pars gas field, whose development has been divided into 28 phases, is located in the Persian Gulf straddling the maritime border between Iran and Qatar.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

Source: Tasnim