Iran to inaugurate Middle East's largest NGL plant

NGL1The largest natural gas liquids (NGL) plant in the Middle East is expected to come on stream on 14 February 2013 in Iran's Siri Island, located in the Persian Gulf

The plant forms part of the Siri NGL project, which also includes the Siri to Qeshm and Siri to Kish pipelines and the Kish gas pressure boost station.

The project is expected to save Iran approximately US$5mn to US$7mn per day by cutting the 40mn cubic metres of associated gas burnt daily in the country's oilfields. The project will aim to produce 1,400 barrels of gas condensates, 1,500 barrels of pentane, 4,000 barrels of butane and 8,000 barrels of propane per day.

Several Asian and European countries have reportedly expressed readiness to purchase condensate and gas liquids from the Siri plant, despite oil and gas sanctions against Iran.

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