Page 18 - MEOG Week 21

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gasoline and petrochemical units feedstock,” Zanganeh added, without disclosing what condensate volues Iran has been exporting.
Iran faces great difficulties in finding buyers for its oil due to a US sanctions policy launched in May last year aimed at pushing all Iranian crude exports off world markets.
The Persian Gulf Star refinery currently receives 420,000 bpd of gas condensates, according to S&P Global Platts. The news service added that the Siraf project, first announced in 2014 but yet to be built, encompasses six plants with a total refining capacity of 360,000 bpd of gas condensates. It will be located at the Persian Gulf complex,
which is adjacent to petrochemical plants
in the region. Naphtha can be used in olefin plants to produce plastic, among other products. Iran’s section of the giant South Pars gas field in the Persian Gulf, which also stretches into Qatar’s waters, is Iran’s foremost source of condensates. Zanganeh said South Pars and nearby fields can produce up to 1mn b/d of gas condensates.
In early February, according to Platts,
the minister said that about 130,000 bpd
of the country’s gas condensates feed its petrochemical plants and 80,000 bpd goes to domestic refiners apart from Persian Gulf Star. bne
serVICes
McDermott awarded second
contract for Advanced
Petrochemical
Mcdermott International, Inc. announced on 21 May that it has been awarded a sizeable technology contract by Advanced Global Investment Company, a wholly owned subsidiary of Advanced Petrochermical Co. (APC).
Mcdermott’s Lummus Technology will provide the license and basic engineering package of a C3 CATOFIN unit at its new grassroots petrochemical complex in Jubail, Kingdom of Saudi Arabia. The unit will have a propylene production capacity of 843,000 metric tons per annum.
mCdermott
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Week 21 27•May•2020