President Rouhani to visit Bushehr
‘President Rouhani will have a one-day visit to Bushehr tomorrow,’ Bushehr governor-general Mostafa Salari said on Sunday.
He noted that the president will inaugurate the Phases 15 and 16 of South Pars, and said, ‘The phases 15 and 16 of South Pars will be inaugurated in the last days remaining to removal of the sanctions.’
Phases 15 and 16 of the South Pars Gas Field, Bushehr province, will be launched on Monday in a ceremony to be attended by President Hassan Rouhani.
Iranian Minister of Petroleum as well as a number of the senior directors of the Petroleum Ministry will be present at the ceremony.
Once fully launched, the phases’ daily production will include 56.6 mcm of natural gas, 75,000 barrels of gas condensate and 400 tons of sulfur.
They are also expected to produce 1.05 million tons of liquefied petroleum gas (butane and propane) and 1 million tons of ethane per annum.
The phases will raise the country’s revenues $20 million per day. Also, given that most Iranian petrochemical units are currently suffering from a shortage of ethane, the phases can mark a turning point in providing feedstock to domestic petchem complexes.
Since December 2013, the phases have produced 15.5 billion cubic meters of natural gas, 14 million barrels of gas condensates, 3,000 tons of sulfur and more than 5,000 tons of ethane.
The phases’ development projects were implemented by a consortium of Iranian companies.