South Pars, an offshore project located in the Persian Gulf, is expected to be completed by the end of the current Iranian year (March 19, 2020), Mohammad Meshkinfam, the Managing Director of Pars Oil and Gas Company (POGC), announced, according to the Tehran Times.

Meshkinfam said that the last platform, 13C, will be added to the field’s development project by March 7, but phase 11 will not be included. He added that Iran’s oil share in the joint field between Iran and Qatar has increased, explaining that “Iran is currently producing 650 million cubic meters of gas from South Pars, while Qatar’s output currently stands at about 570 million cubic meters.”

On the other hand, the development of phase 11 is expected to begin in the upcoming weeks, according to Reza Dehqan, National Iranian Oil Company (NIOC)’s Deputy Director for Development and Engineering Affairs.

The joint field holds 8% of the world’s natural gas reserves and has been in the development process for 22 years.