Iran intends to put new gas, petrochemical facilities into use countrywide, minister says

Oil&Gas Materials 1 February 2023 17:24 (UTC +04:00)
Iran intends to put new gas, petrochemical facilities into use countrywide, minister says
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, February 1. A number of gas and petrochemical facilities at a cost of over $3 billion are planned to be put into use in Iran on the anniversary of the Iranian Revolution (which occurred in 1979, being marked Feb. 1 through Feb. 11, 2023), Iranian Oil Minister Javad Owji told reporters after the meeting of the Cabinet of Iran in Tehran on February 1, 20233, Trend reports citing Shana News Agency.

“One of these facilities is gas refinery No. 14 of Iran’s South Pars Gas Company (SPGC). About $2.3 billion was spent on this refinery that will process 56-60 million cubic meters of gas daily,” Owji said.

The minister also added that a number of petrochemical facilities will be launched in the country within the mentioned 10 days.

Refinery No. 14 of South Pars Gas Company consists of 4 units. So far, 3 units of the mentioned refinery have been put into operation since the beginning of the last Iranian year (March 21, 2021) and with the launch of the last unit, refinery No. 14 will be fully operational.

The mentioned refinery has the capacity to produce 50 million cubic meters of methane gas, 77,000 barrels of gas condensate, 400 tons of sulfur, 1 million tons of ethane, and 1 million tons of LPG per year.

The gas produced from the 14th phase of the Iran-Qatar joint South Pars gas field (called North Dome in Qatar), is processed at refinery No. 14. So far, a total of 62 billion cubic meters of gas are estimated to produce from the 14th phase.

Iran’s South Pars Gas Company (SPGC) processes rich gas extracted from the South Pars gas field. During March 21, 2022, and December 7, 2022, the company processed more than 143 billion cubic meters of gas, as well as produced 164 million barrels of gas condensate and over 33,000 tons of sulfur.

The South Pars gas field (called North Dome in Qatar) is a joint gas field between Iran and Qatar. The proven reserves of the South Pars Gas Field are estimated at 51 trillion cubic meters of gas, of which 36 trillion are extractable. Iran's share in the field is 14 trillion cubic meters of gas and 18 billion barrels of gas condensate.


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