News ID: 301949
Published: 0314 GMT April 07, 2021

Daily output value of Bid Boland refinery at $9.5m: CEO

Daily output value of Bid Boland refinery at $9.5m: CEO

The managing director of Persian Gulf Bid Boland Gas Refining Company said the value of the refinery’s products stands at about $9.5 million per day.

Mahmoud Amin-Nejad said this figure is on the condition that 45-48 percent of the feedstock is supplied, Shana reported.

Bid Boland refinery, in southwestern Iran, has been put into operation with the aim of increasing the production of sweet gas, reducing the consumption of petroleum products, production of propane, butane, and gas condensate, the export of by-products, the supply of natural gas to urban areas, and supplying ethane required by petrochemical units in the region.

In mid-January, President Hassan Rouhani officially inaugurated Persian Gulf Bid Boland Gas Refining Company through a videoconference.

The refinery, which took 36 months to complete, has a daily processing capacity of more than 56 million cubic meters of associated gas and, when operating at full capacity, it will generate $700 million of revenue every year.

As the largest gas refinery project in the Middle East, Bid Boland will have an annual production capacity of 10.4 million tons of methane, 1.5 million tons of ethane, one million tons of propane, 600,000 tons of gas condensates, and 500,000 tons of butane.

Bid Bolad refinery project was recently nominated for the International Project Management Association (IPMA)’s Global Project Excellence Award at the energy sector; it was also awarded as Iran’s top mega project by the Ninth National Project Management Award.

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