The government’s Economic Council has approved $120 million worth of investment in the second phase of Ilam Gas Refinery, which should be financed by the National Iranian Gas Company.
The construction of second phase will start after obtaining the required environmental permits and it is expected to be completed in five years, Tasnim News Agency reported.
The second phase of the refinery will help increase feedstock from the current 6.8 million cubic meters to 10.2 mcm for increasing the production of various byproducts.
With the completion of the development project, the refinery's products, including natural gas for urban and industrial use, sulfur, ethane, gas condensate and liquefied petroleum gas, will increase by 1.5 times.
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