Iran to invest $ 750 mm on three gas plants

Nov 30, 2009 01:00 AM

Iran plans to increase its natural gas output by investing about 750m dollars in three gas refineries.
Alireza Gharibi, managing director of the Iran Gas Engineering and Development Company, says a total of 250m dollars will be spent to develop both phase two of the Ilam gas refinery, and phase three of the Shahid Hasheminezhad gas refinery (Khangiran).

A total of 11.2 mm cm per day will be added to Iran's output capacity on completion of the two plants, he said.
Gharibi added that a new plant will also be set up at the Parsian gas refinery, at cost of about $ 500 mm, to produce ethane gas.

Iran has the second-largest gas reserves after Russia and the third-largest petroleum reserves in the world.

Source / BBC Monitoring Central Asia
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