News ID: 277309
Published: 0402 GMT November 25, 2020

SP condensate storage project nearing completion

SP condensate storage project nearing completion

The project for the construction of Iran’s South Pars strategic storage facilities is nearly finished and the storages will be officially inaugurated in near future.

According to a report by Shana, with a nominal capacity of 640,000 cubic meters, the storage facilities and gas condensate measuring stations were constructed at the Pars 1 site, in southern Iran, to store gas condensate produced by South Pars refineries.

Implemented by Pars Oil and Gas Company (POGC), the project includes eight storage sites, each with a capacity of 80,000 cubic meters, equipped with floating roofs, and two fire tanks and fuel tanks, piping network and electrical and instrumentation systems, measuring systems, and condensate transfer boosters and pumps.

The South Pars storage sites are able to supply 480,000 barrels of gas condensate to the Persian Gulf Star Refinery on a daily basis and are able to send gas condensate to the single-point-mooring (SPM) system via pipelines.

The gas condensate feed for Pars Shiraz Refinery and Nouri Petrochemical Complex is also going to be supplied by these storage sites, which can provide the feed needed by Shiraz refineries once completed.

The Pars 1 site, with an area of 14,000 hectares, includes 16 gas processing phases (phases 1 to 10 and phases 15, 16, 17, 18, 20, and 21), 15 petrochemical complexes as well as downstream petrochemical industries.

The South Pars Gas field is currently divided into 24 standard phases on the Iranian side and is estimated to contain a significant amount of natural gas, accounting for about eight percent of the world’s reserves, and approximately 18 billion barrels of condensate.

The giant gas field covers an area of 9,700 square kilometers, 3,700 square kilometers of which, called South Pars, are in Iran’s territorial waters. The remaining 6,000 square kilometers, called North Dome, are situated in Qatar’s territorial waters.


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