The inauguration ceremony was held in the southern city of Asaluyeh on Monday with Iranian President Ebrahim Raisi in attendance, according to the IRNA.
The strategic project comprises the drilling and completion of 12 wells, the installation of the first platform and its requirements, and a subsea pipeline to transfer gas to the onshore refinery of Phase 12 in the Pars 2 region of Kangan, southern Iran, which will result in a daily production of 28 million cubic meters (mcm) of gas.
Once Phase 11 of South Pars is fully operational, the output capacity in the gas field will surge by 56 mcm per day.
Additionally, during Raisi’s visit to southern Iran, the Hengam Petrochemical Project will also be inaugurated.
Raisi arrived in Asaluyeh on Monday to inaugurate several significant economic projects.