Manager of Phase 12 refinery Jamshid Sourani said completion of the phase will need 7 to 8 billion dollars of investment which will return less than a year after the phase is fully operational.
Currently four trains of the phase are recovering 47 mcm/d of natural gas and the fifth train is expected to come online by the next two weeks raising the phase's output to 56 mcm/d, said the official.
He further added platform B12 of the phase will be operational by late next month and platform C will be launched afterwards.
The injection of processed gas from Phase 12 of South Pars gas into gas trunklines has started, said an official in charger of Phase 12 development last week.
Rasoul Fallahnejad said sour gas has been pumped out from phases 6-8 of the giant offshore field to the refinery of Phase 12 for treatment.
South Pars covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran’s territorial waters in the Persian Gulf. The remaining 6,000 square kilometers are situated in Qatar’s territorial waters.
The gas field is estimated to contain a significant amount of natural gas, accounting for about eight percent of the world’s reserves, and approximately 18 billion barrels of condensate.
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