Jask Oil Storage Site Design Complete

Touraj Dehqani, CEO of Petroleum Engineering and Development Company (PEDEC), has said the primary design for crude oil storage in Jask Port was almost over.

He said that contractors would start building storage tanks there within two months.

Dehqani said development of Makran would get under way 65 kilometers off Jask Port. “Building crude oil storage tanks and an export terminal are part of the project that would carry oil from Goureh to this terminal with a 42-inch diameter pipe,” he said.

Dehqani said this giant national project would be fitted with five oil pumping stations in the southern provinces of Bushehr, Fars and Hormuzgan.

“This oil terminal would come on-stream on schedule,” he added.

Dehqani said plans were under way to build twenty 500,000-barrel storage tanks in Jask Port, adding: “This terminal would have three single-point moorings that would facilitate loading and unloading of oil from various oil vessels.” He added that a stilling basin and necessary jetties would be built for logistic vessels. This terminal would fully comply with international standards.

The contract for the oil storage tanks facilities was signed in October 2018 between PEDEC, Petro Omid Asia and Omid Investment Management Group.

2-Second Phase of Abadan Refinery Capacity Building

Saeed Sattari Naeini, manager of the second phase development of the Abadan oil refinery, has announced a 33% progress in the project.

He said: “By providing the necessary financing, the construction of this project is moving ahead and we predict to see a 65% progress in this project by the end of the [current calendar] year.”

Sattari Naeini said: “The project has had 70% progress in engineering, 37% in commodity and equipment supply, and 20% in construction.”

He added that 8 million Yuan had been provided for the first part of the project by the financer.

Sattari Naeini said the second development phase of the Abadan oil refinery would be a separate treatment facility with a capacity to process 210,000 b/d of crude oil.

“Among advantages of the second phase development of the Abadan oil refinery is the renovation of the refinery by replacing the first phase, reducing maintenance costs and supplying euro-4 and euro-5 products,” he added.

Sattari Naeini also referred to the environmental advantages of this project, saying: “This project has fully complied with environmental obligations. After its completion, the quality of gasoline produced at the Abadan refinery would be upgraded to euro-4 grade and the quality of gasoil to euro-5 grade.”

He said the second phase of the project would need $3.2 billion (22 million yuan), adding that in the first phase, 50% of manufacturers are Iranian.

3-PGPIDC to Operate 7 Projects

The Persian Gulf Petrochemical Industries Development Company (PGPIDC) plans to launch seven projects within two years, the company’s chief said.

Jaafar Rabiei named the projects as Bidboland gas refinery, Lordegan and Ilam Olefin for the current calendar year and Hangam Amonia, Gachsaran, flare gas gathering and NGL 3022 as projects to become operational next calendar year.

He said urea, ammonia and methanol would be added to PGPIDC mix after the completion of Hangam and Apadana projects.

“The ammonia section of Hangam will come online in 2020, the Hangam and Apadana project in 2021,” he added.

Rabiei also referred to a flare gas gathering in the areas run by National Iranian South Oil Company (NISOC), saying: “This project is designed for three years. It started this year and will continue into 2021. Throughout the operation of this project, the flares will be turned off throughout years.”

He said about 600 mcf of gas would be gathered in the flaring project.

“The equipment and facilities for the gathering and transfer of associated petroleum gas would be built by PGPIDC and the flare gas would be treated by the Bidboland gas refinery. Then, it will be used as feedstock for petrochemical projects like Gachsaran and Bandar Imam,” he added.

Rabiei said construction of the Sonqor petrochemical project would start in the near future, adding it would be among downstream petrochemical projects.

“This is among projects with no environmental pollution. Compared with upstream and mid-stream petrochemical projects, its water consumption is nothing,” he said.

Rabiei said the Sonqor project would create jobs during both construction and operation.

“PGPIDC plans to operate this downstream project in partnership with a qualified private entity,” he added.

Asked about possible international restrictions for petrochemical projects, Rabiei said: “This issue is being handled by PGPIDC and companies would continue production, exports and hard currency generation.”