Iran to commission NGL plant at Kharg Island

Iran to commission NGL plant at Kharg Island

Azerbaijan, Baku, Mar.3 / Trend F.Mehdi/

Iran will commission a natural gas liquids (NGL) production plant by the end of the next Iranian calendar year (March 2014) at the Kharg Island, located in the Persian Gulf, ISNA quoted Iranian Offshore Oil Company official Reza Bayazi as saying.

The project is now 50 percent complete, he said, adding that the plant will have the capacity to intake 600 million cubic meters of natural gas per day.

The plant will cost €1.2 billion to be inaugurated, he added.

In September 2012, National Iranian Gas Company's managing director Javad Oji told the Mehr news agency that Iran will implement a plan for putting out flares at gas refineries by the end of the end of the fifth five-year development plan (March 2016), aiming to reduce energy consumption at gas refining facilities.

He added that 25 million cubic meters of gas will be saved at gas refining units.

Associated gases can bring benefits for the country, but they are flared up and burden huge losses to the nation, instead.

Some 40 million cubic meters of associated gas in oilfields are burnt daily.

Iran has allocated $2 billion to collect associated gas at Kharg and Bahregan oil regions, the deputy oil minister for engineering affairs said in November 2011.

Hamdollah Mohammadnejad told the Shana news agency that the sum will be spent to collect 17 million cubic meters of associated gas.

He added that different projects, worth around $500 million, have been developed for collecting up to 99 percent of associated gases.

Some $15 billion cubic meters of associated gas is burnt at Iran's oilfields, bringing the country around $3 billion of loss annually.

Since 2001, Iran's annual imports of gas have been more than exports by nearly 71 billion cubic meters on the average, the Pana news agency reported. Iran is the second major holder of gas deposits in the world.

Subscribe to Trend in Google News! Subscribe
Turkmenistan's crude oil supplies to Turkey down
Turkmenistan's crude oil supplies to Turkey down
Kazakhstan boosts crude oil exports to Turkey
Kazakhstan boosts crude oil exports to Turkey
Kazakhstan increases trade with Turkey over 9M2021
Kazakhstan increases trade with Turkey over 9M2021
Loading Bars
Latest
FMs of Azerbaijan, Turkey hold phone talks
Turkmenistan's crude oil supplies to Turkey down
Azerbaijan's oil export volume down in 10M2021
Footage from crash scene of military helicopter of Azerbaijan’s State Fire Service (PHOTO/VIDEO)
U.S. Int'l Development Finance Corporation provides financing to Bank of Georgia for SMEs support
Kazakhstan boosts crude oil exports to Turkey
Iran's president to speak before parliament
Kazakhstan increases trade with Turkey over 9M2021
Use of Sputnik Light as booster jab for all vaccines approved in UAE
Cargo transportation via internal waters up in Kazakhstan
Central Bank of Azerbaijan reveals amount of sold foreign currency
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,678 more COVID-19 cases, 1,934 recoveries
Azerbaijan opens criminal case on crash of military helicopter of State Border Service
Iran extends condolences to Azerbaijan over military helicopter crash
Turkey talks ongoing support in demining Azerbaijan's liberated lands
Azerbaijan reveals names of dead and wounded in military helicopter crash
Iran beats sets new domestic record regarding transit of goods
President Ilham Aliyev and First Lady Mehriban Aliyeva express condolences to families of dead in military helicopter crash
Georgian, Ukrainian, and Moldovan PMs hold meeting in Brussels
Alliance Logistics talks potential of Zangazur corridor in increasing goods transit via Azerbaijan
Uzbek Statistics Committee reveals amount of construction work done for 10M2021
Volume of gas transportation to Turkey via TANAP disclosed
Several Azerbaijani organizations address citizens on omicron coronavirus variant
It is important to cooperate with such partners as Azerbaijan - Head of EU Delegation
Iran reveals COVID-19 data for November 30
Kazakhstan’s oil-producing company to buy batteries via tender
Azerbaijan unveils numbers of mine incidents due to illegal entry into liberated lands
Turkish MoD expresses condolences to Azerbaijan on military helicopter crash victims
Russia, Italy discuss situation in South Caucasus
Georgian Government to co-op with private sector – Business Association
UK health chief says no indication of Omicron wave so far
SOCAR Turkey forecasts growth in its total revenues for 2021
Webinar conference held for youth from Central Asia (PHOTO)
Export prices of Georgian apples increase
Azerbaijani State Customs Committee comments on alleged reduction of $300 limit for orders from abroad
Kazakhstan sees increase in pension savings
Volume of loans issued by private banks of Uzbekistan increases over year
Iran shares import data
Money transfers via Kazakhstan National Bank's payment systems down
Iran increases sale of state assets
Nepal unveils first shock table facility built with Indian aid
Non-OPEC crude oil supply to continue upward trend by 2023
Iran eyes manufacturing goods in Syria, exporting final products to third countries
Azerbaijan to launch social package in 2022 – minister
UAE's ADNOC to supply full crude volumes to Asia buyers in Feb
Azerbaijani president signs order to erect monument to famous poet in Baku
President Ilham Aliyev receives Pakistani Defense Production Minister
Azerbaijan repairs Shaki ferry ship at Zigh Ship Repair and Construction Yard
Azerbaijan reveals electricity generated by power plants in October 2021
Kazakhstan's banks increase lending over 10M2021
Azerbaijan to develop single mobile app for various types of insurance – Central Bank
AZAL discloses reason for Baku-Nakhchivan flight delay
Georgia’s potato exports to Central Asia up
Russia records 32,648 new daily coronavirus cases, lowest number since Oct 15
Uzbekistan shares data on loan portfolio of its banks in 10M2021
Iran eyes increase in value of exports – IRICA
Georgia’s hazelnut exports continue to increase
Kazakhstan’s Samruk-Kazyna opens tender on car renting services
Azerbaijan’s Central Bank eyes introducing innovation in insurance sector
Georgia’s GDP to reach European level – minister
German companies sign contracts with Azerbaijan in railway construction
Kazakhstan reports increase in placed deposits value
Petkim's revenues reached record high level this year - SOCAR Turkey CEO
Gas consumption in Iran continues to grow
Azerbaijan produces over 20,000 PCR tests for COVID-19
Georgia reveals sectors affected by real GDP growth
SOCAR Turkey discloses its investments in Turkey (PHOTO)
Dynamics of European oil demand in 2021-23
Iran boosts exports via customs of Bushehr Province
Chinese FM makes statement on meeting of leaders of Azerbaijan, Russia, Armenia in Sochi
Europe to see increase in jet fuel demand – JP Morgan
Azerbaijan's air defense units carry out combat firing exercises (VIDEO)
Top Russian, Mongolian defense officials discuss cooperation
Azerbaijani currency rates for November 30
"International Youth Festival of Modern Muslim Culture" ended in Kazan (PHOTO)
French inflation hits 13-year high in November
World oil demand to rise in 2022
German companies express interest in investing in Azerbaijan's Alat Free Economic Zone
Kazakhstan’s oil construction company opens tender for electrical equipment
Azerbaijan sees increase volume of loans issued for construction sector
Military helicopter crashes in Azerbaijan
Kazakh energy minister talk sale of hydroelectric power plants to UAE
Iran wants lifting of all sanctions - AEOI
State Agency on Vocational Education and Azerconnect sign Memorandum of Understanding
Volume of Azerbaijani gas exports to Turkey disclosed
Japan confirms first case of Omicron variant of coronavirus
International Court of Justice to deliver its order on Azerbaijan's case against Armenia
Kazakhstan’s manufacturing industry maintains stable growth – ministry
Georgian stock market eyes additional investments
Kazakhstan’s KazMunayGas, Russia’s Tatneft establish JV for butadiene rubbers production
Azerbaijan, Iran implementing important projects - ambassador
Uzbekneftegaz obtains new industrial gas flow from Shimoliy Dengizkul field
Iran records increase in exports from Chaharmahal & Bakhtiari Province
Azerbaijan discloses volume of contaminated potatoes returned to Georgia
Vietnam to localize production of Russian Sputnik V vaccine
Kazakhstan's PM talks industrial development
Turkmenistan-Azerbaijan-Iran gas swap deal: chance to strengthen energy co-op
Uzbek BMB Group to organize export of saffron to Spain
India steps ups COVID-19 testing for international flyers
All news