The first phase of a gas condensate loading and export facility became operational on Thursday in Dayrestan, a village in Shahab District, Qeshm Island in Hormozgan Province.
The terminal has six storage tanks (built by Machine Sazi Arak Company based in Markazi Province), each with 550,000-barrel capacity.
A 22-kilometerr pipeline connects Qeshm (Gourzin) Gas Condensate Refinery to the terminal and whenever needed the surplus production in Gourzin refining complex is transferred to the storage facilities.
Stretching over 117 hectares, the project cost $180 million and was completed in two years. The news agency said when the second phase comes on stream (next March), storage capacity will rise by 50% to reach 6.6 million barrels.
Add new comment