TEHRAN Jan 15 (Shana): Petroleum Ministry will sell 20 trillion rials of bonds for accelerating development of South Pars gas field, a senior official said.
Abdol-Hamid Delparish, director for consolidated planning of National Iranian Oil Company (NIOC), told Shana that Petroleum Ministry will have a share of 50 trillion rials from the total bonds approved by the government.


Delparish also said that National Iranian South Oil Company (NISOC), Iran’s Central Oil Fields Company (ICOFC) and Petroleum Engineering and Development Company (PEDEC) will respectively have 10-trillion, 10-trillion, seven-trillion and three-trillion rial shares.


Petroleum Minister Bijan Namdar Zanganeh recently said that phases 12, 15, 16, 17 and 18 are priority phases in South Pars.
Iran shares the giant offshore South Pars gas field with Qatar in the Persian Gulf.


Iran has been slow in developing the phases of South Pars in recent years. Eight phases which were supposed to start production last year have yet to undergo development.

By SHANA

 

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