Iranian President inaugurates major oil and gas projects

Iran oila dn gasIranian President Hassan Rouhani has inaugurated three major oil, gas and petrochemical projects worth around US$5.56bn, through video conference

As reported in the Tehran Times, the projects are the Phase 1 of Bushehr Petrochemical Plant, national gas network lines and the West Karoun Oil Cluster power plant.

Many senior officials from the oil and energy ministry attended the inauguration ceremony.

According to the source, the Phase 1 of Bushehr Petrochemical Plant, which is being developed in 70 ha, aims to produce four million tons of different petrochemical products per year. Additionally, this phase is set to receive 9.6 million cubic meters (mcm) of sour gas from South Pars Complex fourth refinery.

The 1,850 km long national gas network lines project, from southern Iran’s Assaluyeh to northwest Miandoab, aims to accelerate the gas transfer capacity by 110 million cubic meters daily, stated the source. The goal is to enable National Iranian Gas Company to ensure smooth supply of stable gas for exports to the western and northwestern regions.

The 492MW West Karun power plant focuses on providing electricity for the joint fields and the region’s oil facilities. The plant, situated 45 km southwest of Ahvaz, southwestern region of the country, is being constructed under a build-own-operate (BOO) model, noted the source.

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