Azerbaijan, Baku, Jun.9/ Trend F.Karimov/
The first consignment of the Siri NGL complex was delivered to the Lavam oil refinery, IRIB reported. The 50,000-barrel gas condensate consignment will be used as feedstock for the refinery.
The NGL plant produces 1,400 barrels per day of gas condensates, 4,000 bpd of butane, 8,000 bpd of propane, and 143 million cubic feet of natural gas.
Each barrel of NGL is sold at $600-700 in international markets.
The Siri NGL project includes Siri-Qeshm pipeline, Siri-Kish pipeline, Siri NGL plant, and Kish gas pressure boost station that cost $450 million.
The NGL project will save Iran around $1 million per day out of not burning gases associated with oil.
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.