Oil   Gas   Refining  

Iran’s biggest APG processing plant to go on stream soon

Iranian Oil Minister Bijan Namdar Zanganeh said the country’s biggest plant for collecting and processing of Associated Petroleum Gas (APG) is going to be launched early next calendar year which begins on March 20.

Talking to the state TV on Tuesday evening, Zanganeh said nearly $3 billion has been invested in the mentioned complex, namely Bidboland Persian Gulf Gas Refinery, Shana reported.

According to the official, the plant would operate with a gas processing capacity of 56 million cubic meters per day and would produce 3.4 million tons of petrochemical feedstock.

He also noted that two deals had been struck with the Persian Gulf Petrochemical Industries Company and Maroon Petrochemical Company for gathering APG in Wast Karoun fields.

“Once these projects came on stream, the value of their output would exceed $2 billion,” Zanganeh said.

The minister further noted that the NGL 3200 plant for gathering APG is also being constructed in the West Karoun region which would hopefully come online by 2021. The project has so far witnessed 40 percent physical progress.

Associated petroleum gas (APG), or associated gas, is a form of natural gas which is found with deposits of petroleum, either dissolved in the oil or as a free "gas cap" above the oil in the reservoir.

The gas can be utilized in a number of ways after processing: sold and included in the natural gas distribution networks, used for on-site electricity generation with engines or turbines, re-injected for secondary recovery and used in enhanced oil recovery, converted from gas to liquids producing synthetic fuels, or used as feedstock for the petrochemical industry.


Leave a Comment:


Rouhani inaugurates energy projects worth over $2b in 3 provinces

Iranian President Hassan Rouhani inaugurated three energy projects worth $2.14 billion in three provinces via video conference on Thursday, Shana reported.

Iranian petrochemical production rises 6%

The output of Iranian petrochemical production units in the first 50 days of the current Iranian calendar year (started on March 19) increased by six percent compared to the previous year’s same period, Shana reported.

Gasoline storage capacity up 120m liters

Deputy director of operations at Iranian Oil Pipelines and Telecommunications Company (IOPTC) says using the company's storages has increased the country's gasoline storage capacity by 120 million liters, IRNA reported on Saturday.

Rouhani calls on oil, petchem companies to be more active in stock market

Iranian President Hassan Rouhani has instructed Oil Ministry to take the necessary measures for increasing the presence of oil and petrochemical companies in the stock market, Shana reported.

Details uncertain ahead of Opec + emergency meeting

The Opec+ group will be under intense pressure to reach a production cut agreement at an emergency online meeting today. But expectations are low, with many aspects of the discussions still not agreed.

Iran to Start Tapping into Phase 11 of South Pars Gas Field by Sep. 2021

Iran’s Oil Minister Bijan Namdar Zanganeh expressed hope that his country will have a daily output of 1 billion cubic feet from the under-development phase 11 of the South Pars gas field, the world's largest gas reservoir.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners