ID : N-4790 Date : 2019/03/17 - 15:42
(Persia Digest) – A gas refinery for phases 13, 22, 23, and 24 of South Pars has been officially inaugurated by the Iranian President, Petroleum Minister, and high-ranking civil and military figures.
The above phases are being developed to produce 56 million cubic meters of sour gas, 75 million cubic meters of gas condensate, and 400 tons of sulfur daily, plus one million and 50 thousand tons of liquefied petroleum gas LPG (propane and butane) and one million ton of ethane annually as charge for petrochemical units.
► 1st Gas/LNG Production Contract for Iran
► Iran oil reserves reach over 160BN barrels
► CNPC 'officially' replaced Total in SP Phase 11 project
► Iran proposal for US investment in LNG
The economic value of exploitation and production for these projects is estimated at about USD 5BN a year.
Total investment in these two megaprojects amounts to USD 11BN, exceeding 2% of Iran’s GDP in 2017 which was USD 427BN.
The exploitation of these phases means that Iran’s gas recovery from the shared South Pars gas field will exceed that of Qatar for the first time.
Click here for more economic new.
► Follow us on Twitter