Baku, Azerbaijan, Feb. 3
By Fatih Karimov - Trend:
A new sour gas well came on stream in Khangiran, northeastern Iran.
The well No. 71 aims to produce 1.5 million cubic meters of sour gas per day as the feedstock for Shahid Hasheminejad Refinery, Iran's Shana news agency reported on Feb. 3.
Some 540 billion rials (about $15.5 million) has been invested in the project.
The Islamic Republic faced severe gas shortages last winter. In addition to cutting the gas supply to power plants, which led to burning $30 billion of liquid fuels, the Iranian government had to decrease gas delivery to petrochemical plants from 1,236 million to 530 million cubic feet which caused a drop in the petrochemical production by 7.5 million metric tons during the last fiscal year (ended on March 21).
It should be noted that the Islamic Republic holds 33.6 trillion cubic meters of proved gas reserves, sharing 18 percent of total global gas reserves which puts the country among the world's top countries in this category.
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