Asghar Soheilipour, head of the Investment Committee of the National Gas Company of Iran speaking to reporters stated that due to the efforts made by the Iranian minister of oil, the country’s high council of economy has accepted to consider the pipeline as part of the major comprehensive development plan defined for the South Pars.
The transfer project constitutes one of Iran’s high-cost development projects, he noted, adding "A 100-kilometer transfer project, including compressing stations and a 56-inch pipeline is going to set the country back $4 bln."
In the meantime, he said the fund would bwe sufficient for the gas transfer pipeline project only until 2017, while the completion of other lines would require an extra $10bln.
The South Pars gas field’s development project has been divided into 28 stages. The grounds of the project are located in the Persian Gulf on the maritime border between Iran and Qatar.
Estimations go that the Iranian share of the field contains fourteen trillion cubic meters of gas and eighteen billion barrels of in-place gas condensates.