News ID: 275453
Published: 0357 GMT October 12, 2020

Daily output of SP refinery at over 40,000 bpd: Official

Daily output of SP refinery at over 40,000 bpd: Official

The Eleventh Refinery of South Pars Gas Field produces over 40,000 barrels per day (bpd) of gas condensates, announced the managing director of the refinery on Monday.

Mohammad Saeidian said that according to plans, the output of the refinery will hit its nominal capacity of 50,000 bpd, IRNA reported.

The refinery receives 1.4 billion cubic feet of natural gas per day, said the official, noting that by the end of current Iranian year (March 20, 2021) the figure will increase by 20%.

It is planned for the refinery to produce 2,500 tons of ethane, 2,000 tons of propane, 1,200 tons of butane and 80,000 barrels of gas condensate per day.

Iran has increased its gas production from a sprawling field in the Persian Gulf despite sanctions imposed by the United States which have sought a total halt to development projects in the country’s energy sector.

Iran has said it will reach a total gas output of one billion cubic meters a day within the next two years. The country’s current output stands at more than 800 million cubic meters per day.

The progress in the Iranian gas sector comes despite a series of crippling US sanctions that have sought to dissuade foreign companies from engaging in projects for the development of the South Pars field.

Iran has awarded a multibillion contract to an Iranian company to develop Phase 11 of the South Pars gas field, a project that stalled in 2018 after major companies like France’s Total and China’s CNPC began to pull out under increasing US pressure.

 

 

   
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