BAKU, Azerbaijan, May 11
By Elnur Baghishov – Trend:
Iran's Petropars Operation and Management Company (POMC) has ordered $164 million worth of equipment from local manufacturers and contractors for the construction of a central refining unit for the South Azadegan oil field, Executive Director of the POMC, Hamidreza Masoudi said, Trend reports citing the company’s website.
Masoudi noted that a total of 47 contracts have been signed so far with local consultants, suppliers, and contractors for the construction of the largest oil refining unit in Iran. So far, orders in connection with 29 contracts have been completed.
The director added that ordering this equipment could create new jobs for more than 10,000 people in Iran.
"Equipment, including, compressors, electrical transformers, surface, and underground pipes, nitrogen production equipment, air conditioners, electric connectors, and so on will be produced under these contracts," he said.
As reported, the South Azadegan oil field is located in an area of about 440 square kilometers, 80 km west of Ahvaz city. Iran extracts 140,000 barrels of crude oil from this field daily. It is planned to increase daily oil extraction from the South Azadegan oil field to 320,000 barrels in the first stage and 600,000 barrels in the second stage.