Iran to invest $ 750 mm in three gas plants

Nov 28, 2009 01:00 AM

Iran plans to increase its natural gas output by investing about $ 750 mm in three gas refineries.
Alireza Gharibi, managing director of the Iran Gas Engineering and Development Company, says a total of $ 250 mm will be spent to develop both phase two of the Ilam gas refinery, and phase three of the Shahid Hasheminejad gas refinery (Khangiran). A total of 11.2 mm cmpd 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.

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