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Iran’s Petropars takes over South Pars Gas Field

Iran’s Petropars will develop phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil major Total and the China National Petroleum Corp (CNPC), said Iran’s oil minister.

 

“Now with the exit of the other two companies from the contract, Petropars has completely taken their place and the development of the first unit of phase 11 of South Pars has been given to this company,” said Bijan Zanganeh.

 

The offshore field, which Iran calls South Pars and Qatar calls North Field, is shared between Iran and Qatar.

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