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Iran LNG Company ready to replace Total in Pars LNG project

TEHRAN, July 27 (Mehr News Agency)- "Iran LNG Company is ready to carry out Pars LNG project in case France's Total Company withdraws from the project," Iran LNG Company's managing director said in Tehran on Sunday, Mehr reported.

"In case Total and Shell Companies pull out of Pars and Persian LNG projects, we are prepared to implement the projects," Ali Kheirandish explained while saying that Iran LNG Company has even developed a timetable and carried out preliminary studies months ago.

"Currently the plan and implementation schedule is ready and on condition of Petroleum ministry's willingness we can present it to the ministry," he added.

"The Pars LNG project needs about $7 billion and 36 to 40 months for completion," Kheirandish stated.

He went on to note, "The Pars LNG project aims at producing annually 10.8 million tons of LNG."

The Pars LNG terminal was originally scheduled to begin operations in 2009, but the start date has been pushed back to at least 2011. The terminal would be fed with gas from part of Iran's South Pars gas field. Rising construction costs within the energy industry have delayed construction plans.

2 Billion Euros for Tabriz's Shahriar refinery

TEHRAN, July 28 (Mehr News Agency)- "More than 2 billion Euros will be invested to complete Shahriar refinery in the city of Tabriz," Shahriar refinery project manager said here on Monday.

"When the refinery becomes operational, 150,000 barrels daily will be added to Iran's refining capacity and 70,000 barrels to the country's gasoline production capacity," Seyed Hassan Ghasemzadeh explained.

"The refinery aims at increasing oil products production and improving the quality of the products," he added.

"Lowering gas oil's sulfur content, complying gas oil with EURO-V standard, and constructing an FCC unit are among the salient features of this project," Ghasemzadeh stated.

IPCC exports verges $3b in four months

TEHRAN, July 27 (Mehr News Agency)-- Iran Petrochemical Commercial Company (IPCC) exported about 3,363,000 tons of petrochemical products worth $2.949 billion within the four months period since the beginning of the current Iranian calendar year(March 20,2008).

According to IRIB News, liquefied gas with 727,000 tons stands atop the IPCC's 37-item export list including fertilizers, polymer fuel, and other by-products.

Japan, United Arab Emirates, China, India, South Korea, Italy, Singapore and Taiwan are the major destination targets of the IPCC products.

... Payvand News - 07/28/08 ... --

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