Development at the South Pars refinery has been hobbled for years by sanctions. (AP Photo/Vahid Salemi)
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Iran is working full throttle to develop its South Pars natural gas field, the world's largest, amid hopes of sanctions relief and the return of Western oil majors.Among them is Phase 12, one of the largest in South Pars, that once fully operational could produce 81 million cubic meters of gas daily.Its supervisor Alireza Ebadi said the $7.8-billion refinery would begin pre-production at 10 percent "within months," but the lifting of sanctions would speed up the project. Ten refineries are fully functional in the 24-phase South Pars project Iran has devised to exploit the huge gas resource it shares with Qatar and that has secured it a place among leading global gas exporters.Zanganeh is also undertaking another tough task in seeking to raise oil production of 2.7 million barrels per day to the pre-sanctions figure of 4.2 million bpd. In order to achieve this, he is relying on Iran's new image under Rouhani to attract investors and contractors.
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