SPGC Gas Condensates Exceed 77m Barrels

SPGC Gas Condensates Exceed 77m BarrelsSPGC Gas Condensates Exceed 77m Barrels

Production of gas condensates in the South Pars Gas Complex has exceeded 77 million barrels in the last five months of the current Iranian year (started March 20), managing director of SPGC said on Saturday.

“Of the total output, 62 million barrels were exported and the rest delivered to Borzouyeh Petrochemical Company, the world's largest aromatics production complex with a capacity of 4.5 million tons per year,” Masoud Hassani was also quoted as saying by Shana.

Noting that the gas complex accounts for 62% of the country's gas supply, he added that the plant has processed 58.6 billion cubic meters of natural gas, of which 47 bcm were injected to Iran Gas Trunkline during this period.

According to the official, 1 bcm of the processed gas were also supplied to Pars Petrochemical Plant, a subsidiary of National Petrochemical Company that manufactures ethane, propane, butane, ethyl benzene and ethylene.

Referring to ethane production in SPGC, Hassani noted that ethane output during the period stood at 887 tons, all of which were delivered to Jam and Kavian petrochemical complexes.

"SPGC's granular sulfur output in the last five months amounted to 20.6 tons, which are expected to rise in the near future," he said.

Asked about the company's measures to reduce environmental pollutants, the SPGC chief announced plans for launching 117 initiatives in SPGC's five refineries to curb pollution.

Hassani noted that except for the current overhaul of refinery number 3 by domestic experts, other refineries have already been overhauled.

Mehdi Yousefi, managing director of Pars Special Economic Energy Zone, revealed that in the last 105 days, gas condensate exports from PSEEZ have witnessed a 107% and 57% growth in weight and value respectively.

PSEEZ was established in 1998 in South Pars and promotes commercial activities in oil, gas and petrochemical industries.

About 100 square kilometers of land at Asalouyeh in Bushehr Province have been allocated for hosting complexes and facilities such as refineries.

Some 28 refineries and 25 petrochemical complexes are planned in Asalouyeh and 60,000 people work in the zone.

Iran is seeking to capitalize on the sale of oil products such as petrochemicals and condensates. The main buyers of Iranian gas condensates are the same as its traditional oil customers, namely China, India, South Korea, Turkey, Taiwan and Japan.

The country's gas condensate accounts for almost 30% of the country's total non-oil exports.

South Pars is the world's largest gas field, shared between Iran and Qatar, covering an area of 3,700 square kilometers of Iran's territorial waters in the Persian Gulf. It adjoins Qatar’s North Field, which measures 6,000 square kilometers. The field has a production capacity of 820 mcm/d and 1 mcm/d of gas and gas condensates respectively.