Iran to officially launch Persian Gulf Bid-Boland Gas Refining Company
BAKU, Azerbaijan, Jan. 14
By Elnur Baghishov – Trend:
The plant of Iran's Persian Gulf Bid-Boland Gas Refining Company will be officially put into operation soon, Executive Director of the company Mahmoud Aminnejad said, Trend reports citing Persian Gulf Petrochemical Industries Company’s website.
Aminnejad stressed that $3.4 billion was spent on the construction of the plant and the plant was built in 36 months.
“In addition, the company will launch a plan for the collection of gas jointly extracted with oil. About $1.1 billion will be spent on the implementation of this plan,” he said.
The director added that over the past years, Iran has taken a number of steps to end the burning of flare gas in oil fields and to start its processing.
According to him, Iran's Persian Gulf Bid Boland Gas Refining Company will bring $700 million worth of revenues a year to Iran if it operates fully.
At present, the company's plant operates in an extraordinary manner. The company's plant can produce 10.3 million tons of methane, 1.5 million tons of propane, 490,000 tons of butane, 922,000 tons of acid gas, and 400,000 tons of gas condensate per year.