Iran to build petchem complexes, refineries in Jask port
October 1, 2019
TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said the country is planning to build petrochemical complexes as well as refineries in Jask Port in southern Iran.
The minister made the remarks on the sidelines of a ceremony for signing several contracts between Petroleum Engineering and Development Company (PEDEC), an NIOC subsidiary, and local firms for building electro-pumps for Goreh-Jask pipeline project, on Monday.
According to Zanganeh, the ministry has issued permits for construction of two refineries with daily refining capacities of 300,000 and 150,000 barrels per day (bpd), the projects which are going to be carried out by the Execution of Imam Khomeini's Order (EIKO) and one of the subsidiaries of Bakhtar Petrochemical Company (Petro-refinery), respectively.
The official also noted that in the next Iranian calendar year (starts on March 20, 2020), Jask Export Terminal will be officially launched by exporting a gas condensate cargo from South Pars.
Zanganeh further noted that $1.8 billion is going to be funded for Goreh-Jask pipeline project of which $700m alone would be spent for developing the port.