Iran to receive $500m by collecting associated gases from West Karoun fields
Iran will receive $500 million annually by launching development projects of the Persian Gulf Gas Refining Company of Hoveyzeh in southwestern Iranian province of Khouzestan, said the CEO of the company on Tuesday.
Afshin Kiani noted that his company invested $1.34 billion, as well as 210 billion tomans, for collecting associated gases from West Karoun fields, adding that 14,000 tons of carbon dioxide production will be reduced by implementing development projects, IRNA reported.
To be officially inaugurated by Iranian President Ebrahim Raeisi, the project kicked off 10 years ago,
he said.
“The first goal of implementing the project was to protect the environment in West Karoun fields including the North and South Azadegan, North and South Yaran and Yadavaran, as well as Darkhovein Oilfield.”
Saying that the project was defined in two phases, Kiani explained that each phase has a capacity of 250 million cubic feet of received feed.
With the completion of Phase 2, a total of 97,000 barrels of NGL will be fed per day to Bandar Imam Petrochemical Complex.
He put the progress of the second phase of the development project at 80 percent, expressing hope that it would be ready next year.