Managing-Director of Iran's Pars Oil and Gas Company Ali Vakili said that each phase of Iran's giant South Pars Oil and Gas field would yield a daily income of $10mln for the country once developed.
Managing-Director of Iran's Pars Oil and Gas Company Ali Vakili said that each phase of Iran's giant South Pars Oil and Gas field would yield a daily income of $10mln for the country once developed.
"Given the current prices of oil products, the total value of the products of each phase stands at around $10mln per day," Vakili said on Sunday.
He added that Iran has already spent $30bln in the development of the South Pars Gas field - which is jointly owned by Iran and Qatar - and added that another $40 bln is still needed to complete development projects in all South Pars phases.
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