Japan’s Hitachi resume co-op with Iran’s gas refinery

Business Materials 4 December 2016 14:19 (UTC +04:00)

Baku, Azerbaijan, Dec. 4

By Fatih Karimov – Trend:

Japan’s Hitachi Company has resumed cooperation with Iran's Fajr-e-Jam Gas Refining Company (FJGRC) following the removal of international sanctions against Iran, Hadi Hashemzadeh, managing director of the refining company, said.

The Japanese firm will participate in construction of the refinery’s second power plant with capacity of generating 82.5 megawatts of electricity per hour, Hashemzadeh said, SHANA news agency reported Dec. 4.

The power plan’s construction was in agenda since 2006, but delayed due to sanctions, he added.

Hashemzadeh further said that two units of the refinery are operational so far and the third unit is scheduled to come into force by March 2017.

The company’s gas condensate output reached 4.4 million barrels during the first eight months of the current fiscal year (March 20-Nov. 21), he said, adding that the FJGRC has produced 269 million barrels of gas condensates since starting its activity.

Fajr-e Jam Gas Refining Company is one of the biggest gas refineries in Iran, which provides nearly 20 percent of the total natural gas produced in the country. The construction of this refinery started on 1980 and was completed on 1988. FJGRC takes its inlet gas from three main gas fields being Naar, Kangaan and South Pars, and produces about 100 million cubic feet of natural gas per day.