Dhaka | Thursday | 22nd of April 2021 | Bangla Version | Get Our App EN
  • TOP STORIESTOP STORIES
  • WORLD
  • BANGLADESH
  • INDIA
  • ECONOMY
  • TECH
  • SPORTS
  • CULTURE
  • ♦ MORE ♦
  • ♦ MORE LINK ♦
    • NBS » 1-Headlines » Breaking: Iran awards $195 mln worth of new contracts to recover flare gases


    Please subscribe to NBS YouTube channel:

    Breaking: Iran awards $195 mln worth of new contracts to recover flare gases
    NBS | Tuesday, April 6th, 2021 | Published: 1:26 pm

    Breaking: Iran awards $195 mln worth of new contracts to recover flare gases

    The Iranian Oil Ministry has contracted three domestic companies to recover flare gases from oilfields in the south as it pushes ahead with plans to minimize flaring and to use the gases as feedstock in refineries and petrochemical plants.

    Oil Ministry’s news service Shana said in a Monday report that the contracts signed earlier in the day included the manufacturing of 24 centrifugal compressors and the construction of a station to recover gas flares from a major oilfield located in the southwestern province of Khuzestan.

    Iran’s Oil Minister Bijan Namdar Zanganeh supervised the signing of the contracts that were worth 165 million euros ($195 million), said the report.

    Zanganeh said that Iran aims to cut to almost zero the amount of flaring in its oilfields by the end of the current calendar year in March 2022.

    The contracts will allow increased recovery of flare gas in central and southwestern Iranian oilfields for use in the Persian Gulf Bidboland Gas Refinery, a sprawling facility that was launched back in January with a government investment of $3.4 billion.

    Biodboland’s CEO Mahmoud Aminnejad said during the signing ceremony that the refinery, which is mainly responsible for feedstock consumed in major Iranian petrochemical plants located on the Persian Gulf, would award around $1 billion worth of similar flare recovery deals to domestic companies over the next months.

    Aminnejad said Bidboland is currently working on half of its operating capacity which he said is generating 400 billion rials ($1.6 million) worth of revenues per day.

    He said the capacity would increase to nearly 65 percent in June when a major flare gas recovery project, known as NGL 1200, comes on line in central Iran.

    MG

    Read on the original site


    Write your comment...

    nbs24new3 © All Rights Reserved
    News Broadcasting Service - NBS
    (NBS) 2015 - 2020

    CEO: Abdullah Al Masum,
    Editor and Publisher : Sultana Rabiya
    -------------------------------------------
    Bangshal, Dhaka-1000, Bangladesh.
    Cell : +88 02 , +88 01718 580 689
    Email : [email protected], [email protected]

    USA Office: 41-11, 28th Avenue, Suite # 15 (3rd floor), Astoria, New York-11103,
    United States of America. Cell: 917-396-5705.

    Prasenjit Das, Editor in Chief, India.
    Address : Central Road, Town Pratapgarh, Agartala, Tripura, India. +919402109140.

    Home l About NBS l Contact the NBS l DMCA l Terms of use l Advertising Rate l Sitemap l Live TV l All Paper

    Reproduction of content, news or article published on this nbs website is strictly prohibited. - Privacy Policy