Source: Tehran Times

Iran will inaugurate a natural gas liquids (NGL) production plant on Kharg Island, which is located in the Persian Gulf, by the end of the next Iranian calendar year (March 2014).

The project is now 50 percent complete, ISNA quoted Iranian Offshore Oil Company official Reza Bayazi as saying on Sunday. The plant's output is projected to be 600 million cubic feet per day, he added.

The project will cost €1.2 billion to complete, he noted.

Some of the output of the new plant will be produced from associated gas, also known as flare gas or associated petroleum gas.

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National Iranian Offshore Oilfields Company Managing Director Mahmoud Zirakchianzadeh recently said that associated gas could benefit the country, but most of it is flared, causing massive losses for the nation.

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