TEHRAN (Dispatches) – Deputy head of South Pars Oil and Gas Field for development projects Morteza Zarrin Gol on Monday said international consortium has equipped operational workshops to develop South Pars phase 11.

National Iranian Oil Company (NIOC), Total, CNPC and Petropars on Monday, July 3, signed a 4.8-billion-dollar deal for development of South Pars Gas Field phase 11.

Total will operate the SP11 project with a 50.1 percent interest, while Iranian Petropars Company and the Chinese CNPC will have a share of 19.9 and 30 percents, respectively.