Each of the phases are developed for production of 56 mcm/d
of natural gas, 75,000 barrels/day of gas condensate and 400 t/d of sulfur. The
phases are also expected to yield 1.05 million tons of liquefied petroleum gas (propane
and butane) and 1 million tons of ethane to feed petrochemical plants annually.
Iranian Minister of Petroleum Bijan Zangeneh also
accompanied the president in the ceremony that was held in the southern city of
Assaluyeh where the refinery is located on Sunday.
The projects, developed with $10 billion of investment, are
expected to produce items valued at roughly $5 billion per year.
By inauguration of the projects, for the first time, Iran’s
gas recovery from South Pars joint gas field exceeds that of Qatar. The two
countries share the field in Persian Gulf waters.
Along with opening the two mega projects, the president also
launched gas metering systems of South Pars refineries (Metering), the Mercaptan
Production Plant in Assaluyeh, and the strategic Assalouyeh-Kangan Ethane Pipeline
via video conference.