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March 17th, 2015 
David Schulberg
According to Press TV,Zangeneh described China and Russia as Iran’s “strategic partners” saying that “countries which cooperated with us under sanction conditions will be given priority in post-sanction era.”
He also pointed to the cooperation with China National Petroleum Corporation (CNPC) in developing phase 11 of massive offshore South Pars gas field and said the contract was terminated due to sanctions imposed on Iran over its nuclear program.
The Iranian minister also said completion of all phases of South Pars gas field needs $20 billion investment which is to be financed through domestic resources.
South Pars covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran’s territorial waters in the Persian Gulf. The remaining 6,000 square kilometers are situated in Qatar’s territorial waters.
The gas field is estimated to contain a significant amount of natural gas, accounting for about eight percent of the world’s reserves, and approximately 18 billion barrels of condensate.
Zangeneh also announced that Iran wants to boost gas exports to regional countries including Turkey, Iraq, Azerbaijan, Afghanistan, Pakistan as well as Persian Gulf Arab states.
ME
Source Article from http://english.irib.ir/news/iran1/item/206383-zangeneh-energy-cooperation-with-china-‘strategic’
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