The Persian Gulf Petrochemical Industries Company and the Iranian Central Oil Fields Company have signed a memorandum of understanding to develop the second phase of the Tang-e-Bijar gas field to tap the hamstrung capacity of Ilam Petrochemical Plant while stabilizing the gas network in western regions, especially Ilam Province.
The MoU is a big step toward increasing the output of Ilam Petrochemical Plant, which took 17 years to build with an investment of over $1.5 billion, and the second phase of which opened last year, but feed shortages had become a serious challenge for the complex, the Oil Ministry’s news agency Shana reported.
Add new comment