• Samba 65 00% 56.65%
    Joga2002 635.254 50% 63.63%
    Bra52 69 23.145% -63.25%
    Joga2002 635.254 50% 63.63%
  • HangSang20 370 400% -20%
    NasDaq4 33 00% 36%
    S&P5002 60 50% 10%
    HangSang20 370 400% -20%
    Dow17 56.23 41.89% -2.635%

EghtesadOnline: The 9th South Pars Refinery, the largest processing facility of South Pars Gas Field in the city of Asalouyeh, Bushehr Province, processed over 10.7 billion cubic meters of natural gas in the first six months of the current fiscal year (started March 21), director of the refinery said.

“The refinery has taken a big step toward sustainable gas production by enhancing capacity and completing overhaul operations on time,” Mohammad Mehdi Hashemi was also quoted as saying by ILNA on Sunday.

The refinery also produced about 50,000 tons of granular sulfur in the period, up 20% compared with the corresponding months of a year ago. Hashemi stressed that the production process at the refinery complies with all health, safety and environment requirements.

The 9th SP Refinery processes 11% of Iran’s gas and supplies 16% of the total South Pars output, Financial Tribune quoted the official as saying.

The refinery is one of the 14 plants in Asalouyeh processing natural gas drawn from the giant South Pars field that is shared between Iran and Qatar.

Hashemi added that Phase 12 of South Pars, the biggest phase of the mega project, produced an unprecedented 11.6 million barrels of condensates, a type of ultra-light crude, during the period.

Iran is making efforts to increase its gas condensates refining capacity by installing a demercaptanization unit, an important component for processing condensates at the 2nd South Pars Refinery, Shana reported in August.

In line with policies to complete the value-added chain in oil and gas industries, Tehran intends to cut down on the sales of condensates to international markets for the first time in the past 15 years to supply the much-needed feedstock to local refiners and petrochemical plants.

Based on the Sixth Economic Development Plan (2017-22), all the produced condensates should be used in local industries to generate higher value added. Mohammad Shafi-Moazzeni, the director of 3rd South Pars Refinery, said South Pars Oil and Gas Company had curbed the flaring of natural gas at the refinery by 70% in the current fiscal year.

Flaring is the burning of natural gas that cannot be processed or sold.

South Pars Gas Field Iran gas Iran natural gas South Pars Refinery SP Refinery