The first de-mercaptanization unit of South Pars Phase 2 and 3 Refinery has so far gained 78 percent progress and will come on stream by the end of the current Iranian calendar year to March 2020.
According to the Pars Oil and Gas Company (POGC), Sirous Peykar, the project manager of the unit, said that the project had progressed 97 percent in the engineering section, 92 percent in items procurement section and 60% in its construction section.
Construction of the unit began in 2017 and most of the boilers, towers and thermal convertors have been installed so far.
The plant is being built with 80,000 b/d of gas condensate de-mercaptanization capacity.
This is the first de-mercaptanization unit in POGC.
The U.S.-China trade war, which has been going on for more than a year, entered a new phase last week as China not only imposed new tariffs on U.S. goods in retaliation against Trump's actions, but took the matter a step forward by putting "crude oil" on its tariff list.
Iran exported $17.8 billion of non-oil commodities during the first five months of the current Iranian calendar year (March 21-August 22), IRIB reported on Monday.
To avoid future dependency on China for lithium batteries, Indian Oil Corporation Limited (IOCL) will reportedly make an alumina-based battery, which will be used for running electric vehicles.
Iranian Oil Minister Bijan Namdar Zanganeh reassured that the country’s oil output can increase to pre-sanctions’ volume 3 days after limitations are removed.
Iranian Oil Minister Bijan Namdar Zanganeh said that his country stands atop members of the Organization of the Petroleum Exporting Countries (OPEC) in production of gasoline, stressing plans to increase exports.
K enya's President Uhuru Kenyatta flagged off the country's first export shipment of oil Monday, more than 200,000 barrels of crude.