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80$ Bln Investment on South Pars Phases Developmental Plan

Source: www.gulfoilandgas.com 10/27/2012, Location: Asia

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Mohsen khojaste Mehr, oil deputy minister, regarding the importance of the South Pars developmental plan and finalizing it, claimed that it is one of the fundamental priorities of the oil ministry and it is attended to right now.

Khojaste Mehr said that South Pars is an abode of the biggest industrial and economical infrastructures and it is apparent that the development of the region must be homogeneous and unified so that it would be easy to create fresh commercial, industrial, economical, and cultural models in the region.

"The process of development will be started on the basis of international methods, once the plan is reviewed and finalized.

He also added that South Pars field is considered as not only the country's biggest industrial unit but also the most important valuable chain in the oil industry whose development depends on economical growth of the country.

Oil deputy minister mentioned that South Pars development would lead to a huge wealth for the country's oil industry.

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