Iran set to fully process Condensate

SHANA – Iranian Minister of Petroleum Bijan Zangeneh says by the time Siraf Refinery Park becomes operational, Iran will consume all its condensate output domestically and have no condensate left for exports.

 

Addressing a ceremony to officially inaugurate Phase I of Persian Gulf Star Condensate Refinery on Sunday, the official said Siraf Refinery Park will process 480,000 barrels of condensate on a daily basis which means all of Iran’s production of the item will be used domestically.

“This means no natural gas condensate will be left for export, value chain will be completed in line with the economic resilience,” said Zangeneh.

Iranian President Hassan Rouhani officially launched the first phase of a landmark natural gas condensate refinery project in the southern province of Bushehr.

The project adds 12 million liters of Euro-4 gasoline to Iran’s daily production capacity, rendering the country needless if importing gasoline.

Construction of the refinery began in 2006 under the severest sanctions on Iran’s key economic sectors.

Once fully operational, it will supply 36 million liters of quality petrol which makes Iran an exporter of the strategic item.

Besides, it will supply 14 ml/d of gasoil and 3.37ml of jet fuel.

 

The facility is fed by gas condensate (ultralight crude oil) recovered from the supergiant South Pars Gas Field.

 

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