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Pipeline to transfer 1m bpd of Caspian crude to be transferred to Gulf of Oman

Nozari Tehran, Aug 28, IRNA - One million barrels per day of crude oil will be transferred from Caspian Sea to the Gulf of Oman once the Neka-Jask pipeline is operational, it was announced here Monday.

Caretaker of Ministry of Petroleum Gholam-Hossein Nozari told reporters that this is an strategic decision for the country, which will increase the capacity for oil swap from the current figure of 150,000 to one million barrels per day.

Speaking on the sidelines of inauguration of the plan to increase the capacity of Bandar Abbas to Isfahan pipeline, Nozari stated that Neka -Jask cross-country pipeline will allow littoral countries of Caspian Sea to take their oil at a lower cost to free seas.

Asked about the plan to increase the capacity of Bandar Abbas-Isfahan pipeline, he noted that the plan will change transfer system of oil and oil products from trucks to pipeline, both less costly and safer.

He said Bandar Imam Petrochemical Complex is a major hub for petrochemical industries while Assaluyeh is the hub of gas industry.

According to current plans, Bandar Abbas refinery which is capable of treating about one million barrels of crude oil, will become a hub for oil refining industry, he said adding that negotiations on peace pipeline are going on in a satisfactory manner and the project will certainly be carried out.

Iran LNG signs contract with Spanish company

Tehran, Aug 27, IRNA - Iranian LNG company on Monday signed a contract with Spanish company, Socoin, on LNG project management.

IRNA economic correspondent said that the contract worth euros 32.5 million and the project has been envisaged to be carried out within 36 months.

Director General of Iran-LNG company Ali Kheirandish said that the Spanish company will undertake management of Iran LNG project.

This a debut-making for Socoin of Spain which has set record in speed of implementing gas projects.

Oil industry in south Iran to be developed soon: official

Bandar Abbas, Hormuzgan Prov, Aug 28, IRNA - New activities for developing oil industry and implementing major projects in south Iran will be launched in the near future, it was announced here on Monday.

Managing Director of National Oil Refining and Distribution Company, Mohammad Reza Nematzadeh made the remark while talking to reporters on the sidelines of inauguration of the plan to increase capacity of Bandar Abbas to Isfahan pipeline in this southern port city.

New activities for developing oil industry and implementing major projects in south Iran will be launched in the near future, he added.

He further noted that two new refineries with total capacity of 660,000 barrels per day are to be built in Bandar Abbas.

Persian Gulf Star refinery for treating gas condensate will handle 360,000 barrels per day condensate while super heavy crude oil refinery of the city will be capable of treating 300,000 barrels per day super heavy crude, Nematzadeh said.

He noted that the contract for construction of Persian Gulf Star gas condensate refinery has been signed and engineering operations have begun and the project is to begin before the end of the current Iranian calendar year (started March 21, 2007).

He further announced that super heavy crude oil refinery of Hormuz is going through tender bid formalities and the contractor will be chosen in a month.

"The crude oil treatment capacity of Bandar Abbas refinery will increase from 232,000 to 300,000 barrels per day and an oil dock is being designed to be constructed in the near future," he said.

Nematzadeh further stated that to decentralize activities in Bandar Abbas, an undersea pipeline will be constructed between Bandar Abbas and Qeshm Island to facilitate transfer of crude oil in the near future.

He also noted that the plan for increasing capacity of Bandar Abbas-Isfahan pipeline was very important.

"The plan will be implemented through investing rls 2,000 billion to develop existing pump stations and will play a major role in transfer and distribution of various types of oil products," he added.

... Payvand News - 8/28/07 ... --

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