63587
Call for Using Condensates for Value-Added  Products
Call for Using Condensates for Value-Added  Products

Call for Using Condensates for Value-Added Products

Call for Using Condensates for Value-Added Products

There is a need to reduce the export of gas condensates because the ultra light crude can and should be processed into petroleum products with higher value-added, managing director of Tamin Petroleum and Petrochemical Investment Company (TAPPICO) said.
“Foreign companies that purchase condensates from Iran, convert the fossil fuel into gasoline and other high-value products and sell them at considerably higher prices," Mohammad Hassan Peyvandi was quoted as saying by Shana on Tuesday.
According to the official, 21 phases of South Pars Gas Field, which have become operational, produce more than 800,000 barrels of condensates every day, of which only 360,000 barrels per day will be used in the Persian Gulf Star Refinery for producing gasoline.
Recalling that gas condensates have a limited market, the official added that instead of selling 480,000 barrels of condensates per day, which will soon increase to 640,000 bpd as new South Pars phases come on stream, condensates can be converted into Euro-4 and Euro-5 quality gasoline.
"Gas condensates can be used as feedstock for Anahita Refinery in Kermanshah Province, Siraf Refining Park in Bushehr Province, Bahman Geno Oil Refinery in Jask, as well as Pars Refinery in Shiraz, all of which are under construction," he noted,
Peyvandi added that as soon as these projects come on stream, not only will refining capacity witness a 70% rise, reaching 3.2 million bpd, but also an effective step will be taken to use fossil fuel for manufacturing products that yield higher value added.
 

Short URL : https://goo.gl/1uqKsU
  1. https://goo.gl/7aK8qm
  • https://goo.gl/tozSQn
  • https://goo.gl/J2y68G
  • https://goo.gl/1b493s
  • https://goo.gl/fYu6f6

You can also read ...

Canada to Boost Support for Renewable Energy
Millions of dollars in subsidies for a Nova Scotia tidal...
The field has cumulatively produced about 15 million cubic meters of gas and 31.4 million barrels of oil and condensate.
India’s Reliance Industries has shut down an oil and gas field...
Iran's LPG Exports Fall to 356,000 Million Tons
Iran's LPG shipments loaded, or due for lifting, in September...
Saudis, Russia Planning to  Replace Iran Oil Market Share
The joint OPEC and non-OPEC ministerial committee, aka JMMC,...
Emirati Oil Company Hoarding Jet Fuel
Emirates National Oil Company has begun storing jet fuel on...
OPEC,  Non-OPEC Aug. Compliance  at 129%
An OPEC and non-OPEC monitoring committee found that oil...
$30 Million for Mazandaran Gas Expansion  Scheme
Over 4.56 trillion rials ($30 million) have been allocated to...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus