No. 11



South Pars Phase 1 Further Delayed But Phases 9-12 Awards Promised Imminently

Irans Petropars has rescheduled the work program for the development of Phase 1 of the South Pars gasfield, with the project now slated for completion by September 2002. An unnamed Iranian official quoted by Reuters on 7 March blamed the latest rescheduling on procurement problems. However, the project has been plagued with delays from the outset and was admitted to be running 20%...