Iran News ...


10/29/07

Iran extracts 3b cu. m. of Gas in one month

Tehran, Oct 29, IRNA - The South Pars Gas Complex Company (SPGC) has extracted 3.187 billion cubic meters of gas from September 23 to October 22, an SPGC official announced Sunday.

Mohammad-Reza Julaii added, "Of the figure, 2.931 billion cubic meters of gas have been injected into the national grid after undergoing refining process in the refineries of the SP phases 1-5." He said in an MNA report that 87,000 tons of liquefied petroleum gas (LPG), 11,000 tons of sulfur, and 758,000 cubic meters of gas liquids were also produced in the period.

SPGC was established as a subsidiary of the National Iranian Gas Company (NIGC) on October 19, 1998 to explore and develop multiple phases of South Pars gas field.

The complex has undertaken the responsibility of the operation of the SP phases 1-10 including installations of phases such as offshore production platforms, undersea pipelines, and onshore gas refinery installations.

Iran's 7-month petrochemical output neared 12.5m tons

Iran has produced 12.46 million tons of different types of petrochemical products from March 21 to October 27, 2007.

National Petrochemical Company (NPC) production manager, Reza Afshin, said 4.5 million tons of petrochemicals produced during the period were sold as feedstock to petrochemical complexes.

Afshin added eight million tons of products were either sold or exported, reported PIN Monday.

According to him, the country had so far earned 2.716 billion dollars through exporting petrochemical products within the period.

The NPC will make some 26.7 billion dollars in the Fourth Five-Year Development Plan (2005-2010) and some part of the Fifth Plan.

According to the latest NPC statistics, the company's total petrochemical output surpassed 18 million tons by the end of the Iranian year 1385 (March 20, 2007).

The company's production is predicted to have a 60 percent increase in the current Iranian year (to end March 19, 2008), hitting 29.6 million tons.

Based on the report, the total nominal capacity in the previous year stood at 29 million tons and the figure will soar to 42.9 million tons by March 20, 2008.

In 2006, the NPC exported more than six million tons of petrochemical products, valued at 3.3 billion dollars. The figure is expected to touch 11.3 million tons in the current year, fetching the country 5.6 billion dollars.

... Payvand News - 10/29/07 ... --



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