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World's largest gas refinery to be built in Iran's Assalouyeh

Iran will sign a contract next week with an international consortium for the construction of the world's largest gas refinery in the southern port city of Assalouyeh, IRNA reported from Tehran on Monday, quoting the press.

The Persian-language daily `Jomhouri-E Eslami' quoted Gholam-Reza Manouchehri, the director of phases 6, 7 and 8 of the South Pars gas project, as saying that Iran's Petropars company will sign the contract worth Dlrs 1.207 billion with the consortium.

The consortium, Manouchehri added, comprises Japan Gasoline Company (JGC) and Toyo Engineering Corporation from Japan, Dailem from South Korea, and the Industrial Development and Renovation Organization (IDRO) from Iran.

He said the shares of Toyo and IDRO in the refinery project will be 28 percent, while those of JGC and Dailem will be 22 percent each.

Manouchehri further said that the whole project will be finished in 43 months, stressing the first phase of the project will be completed in 34 months.

He said that 51 percent of the facilities of the project will be provided by domestic enterprises.

Manouchehri further put the anticipated total daily production of the refinery at three billion cu.m.

He also put the daily production of liquefied gas of the refinery at 120,000 tons, stressing that a daily production of 3,700 tons of liquefied petroleum gas (LPG) will be exported from the refinery, most probably to Japan.

... Payvand News - 5/12/03 ... --

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