Iran wants to agree on a schedule with state-owned China National Petroleum Corp. to begin developing Phase 11 of the country’s South Pars gas field after the Chinese company replaced France’s Total as the international partner for the project. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The South Pars Phase 11 project is aimed initially at meeting domestic gas demand. Production capacity is envisaged at around 2 billion cubic feet per day of gas, with the project due to come on stream in 2021. When fully operating the scheme is expected also to deliver around 70,000 b/d of condensate. China’s largest energy company had been identified by Tehran as a potential replacement for the French major but no official statement on contract terms had been made by either party. Total withdrew from the $4.8 billion project earlier this year to avoid contravening US […]