Largest phase of South Pars project 82% complete

TEHRAN - The development of the largest phase of Iran’s South Pars gas field (the phase 12) is complete by 82 percent and will be inaugurated in the calendar month of Bahman (January 20-February 18), ISNA quoted the managing director of Petropars Company, Mohammad-Javad Shams, as saying. The development of the onshore section of the phase 12 has progressed by 50 percent, he said. In May, Shams said that $6.9 billion will be invested to develop the phase 12 of the South Pars.