Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Abu Zaid: I believe that the Iranian operation was multi-layered, combining cyber and electronic attacks with coordinated on-the-ground infiltrations by agents
Abu Zaid: Usually, archives of such sensitivity are typically protected by a full-scale security system, but it appears that Iranian intelligence managed to make use of a gap in it
Strategic military expert Nidal Abu Zaid: Iran has stripped "Israel" of the superiority and deterrence long boasted by its security minister, chief of staff, and other top officials
Fallahpour: Iran may use these documents in its battle with the United States and Western countries over its nuclear program
Fallahpour: Iran may have obtained additional documents related to "Israel's" regional projects, not just its nuclear program
Fallahpour: The coming weeks will be full of surprises, as Iran has forced Israeli intelligence agencies into a state of psychological exhaustion
Al Mayadeen's correspondent in Tehran, Siavash Fallahpour: Iran has redefined the concept of deterrence, shifting it away from traditional military balance toward a new strategic framework
Sources to Al Mayadeen: Number of documents so great that merely studying them, along with accompanying images and footage will require a great deal of time.
Sources to Al Mayadeen: Large data trove was confirmed to have arrived to "safe sites".
Sources to Al Mayadeen: Operation had taken place in past, but large size of documents and need to transfer entire batch inside Iran necessitated secrecy.

Iran completes South Pars Phase 11 four years ahead of schedule

  • By Al Mayadeen English
  • Source: Agencies
  • 28 Aug 2023 22:27
  • 1 Shares
3 Min Read

Iranian President Ebrahim Raisi inaugurates Phase 11 of the South Pars gas field, which is the world's largest holding 51 trillion cubic meters of natural gas.

  • x
  • Iran completes South Pars Phase 11 four years ahead of schedule.
    Iranian President Ebrahim Raisi arrives at the Phase 11 platform of the South Pars field, in Iranian territorial waters, on August 28, 2023. (Iranian presidency)

Iranian President Ebrahim Raisi inaugurated phase 11 of the South Pars gasfield on Monday, which was built by local contractors.

The head of the National Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr revealed that the gasfield will have 24 wells to extract fossil fuels from and will generate $5 billion a year once it goes into full production. 

"The development of South Pars Phase 11 is one of the NIOC’s most strategic and important plans and projects, which finally came online in the current government after a 20-year delay," he said.

The Iranian government had given the rights for the development of the field to France's TotalEnergies and China's National Petroleum Corporation (CNPC). However, as former US President Donald Trump's administration pulled out of previous agreements made with Tehran, the two companies abandoned the project in 2018.

The project was then handed to local companies that worked under the umbrella of the National Iranian Oil Company (NIOC). 

Related News

Sayyed Khamenei rejects US pressure, doubts nuclear talks will succeed

Sheikh Qassem pays tribute to martyr Raisi’s backing of Resistance

"We have said that we will work and cooperate with everyone around the world, but we are showing that if a company comes in and abandons the project midway, we won’t abandon it," the President announced on Monday after he arrived on the platform via helicopter from the Asaluyeh port in the southwestern Bushehr Province.

The Iranian President said the project has completed the Phase 11 milestone four years ahead of schedule, dealing a mighty blow to the companies that abandoned the deal back in 2018.

The South Pars/North Dome field, in which the platform that Rasi visited is located, is a natural gas condensate field located in the Gulf. The field is shared between Iran and Qatar and is the world's largest natural gas field, holding 51 trillion cubic meters of in-situ natural gas and around 50 billion barrels of natural gas condensates.

South Pars Phase 11 will produce 15 million cubic meters of gas per day before raising its output to 56 million cubic meters of gas, 50,000 barrels of gas condensate, and 750 metric tons of sulfur per day.

The gas from South Pars Phase 11 will be transferred to the onshore refinery of Phase 12, where extracted resources will be processed and transferred into Iran's national gas network.

Reports indicate that the 3,200-ton platform was transferred after buying a crane ship from Russia, which experts believe is an unprecedented and exceptional move.

Read more: Iran not to tolerate any breach of its rights in Arash field: Minister

  • Ebrahim Raisi
  • Iran
  • South Pars
  • Qatar

Most Read

Lebanon's PM Nawaf Salam meets with US envoy Morgan Ortagus in Beirut on April 5, 2025 (Dalati Nohra via AP)AP)

Morgan Ortagus to exit US role in Lebanon amid policy shift

  • Politics
  • 1 Jun 2025
A Palestinian woman mourns as she embraces the body of her daughter Mayar Abu Odeh, 8, who was killed in an Israeli army strike on Gaza. at Al-Shifa Hospital in Gaza City, Wednesday, June 4, 2025. (AP)

French port workers block arms shipment to 'Israel' amid Gaza genocide

  • Politics
  • 4 Jun 2025
New Syrian group claims Golan strike, vows resistance to 'Israel'

New Syrian group claims Golan strike, vows resistance to 'Israel'

  • Politics
  • 4 Jun 2025
Palestinians struggle to get donated food at a community kitchen in Khan Younis, southern Gaza Strip, Monday, June 2, 2025. (AP)

Boston Consulting Group withdraws from GHF

  • Palestine
  • 3 Jun 2025

Coverage

All
War on Gaza

Read Next

All
https://english.almayadeen.net/news/politics/pentagon-chief--nato-likely-to-back-trump-s-5--defence-spend
Politics

Europe spent $3 trillion on defense, but got little in return - FT

Power, parties, and scandal: Trump’s ties to Epstein: Telegraph
Europe

Power, parties, and scandal: Trump’s ties to Epstein - The Telegraph

Eilat port as seen from the sea, occupied Palestine, March 12 2009 (wikimedia commons)
Politics

YAF operations forced 80% plunge in Eilat port revenues in 2024

EU backs International Criminal Court after US sanctions judges
Europe

EU backs International Criminal Court after US sanctions judges

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS