TEHRAN, May 4 (MNA) – Iran’s Petroleum Minister Gholam-Hossein Nozari here on Monday stated that President Mahmoud Ahmadinejad will inaugurate four national oil projects within the next weeks.

Talking to the Mehr News Agency he said, the projects consist of Aghajari Gas Injection station, Iran-Alborz Semi-Floating Oil Platforms, Arya Sasol Petrochemical Complex, and Mehr Petrochemical Complex.

 

He added that the Iran-Alborz Semi-Floating Oil Platforms are a drilling operation in the Caspian Sea. Iran-Alborz is one of the most advanced semi-floating drilling rigs and is made by Iran Marine Industrial Co. (SADRA).

 

The National Iranian Oil Company (NIOC) invested $400 million in semisubmersible rigs that can operate at water depths of up to 1,030 meters and drill down to 1,000 meters under the seabed, Nozari added.

 

He went on to say that the rig weighs 14,000 tons without its attachments and 120 experts will work on it. It will facilitate exploration in deep waters in southern parts of the Caspian Sea.

 

About the Aghajari project, Nozari said that a 500-Km pipeline as been laid for transferring produced gas from South Pars gas fields to Aghajari oilfields.

 

“Aghajari oilfield holds about 10 billion barrels of oil, which after gas injection is projected to produce an additional 2.1 billion barrels in a 25-year timeframe,” he stated.

 

“Arya Sasol Petrochemical Complex (Olefin 9) has been established between Iran’s National Petrochemical Company (NPC) and South African group Sasol holding 50 percent shares each,” Nozari noted.

 

Iran and South Africa have equally invested 1.35 billion euros in the project, he said, adding that Arya Sasol Petrochemical Complex is among the world’s biggest polymer projects which products will be mainly exported.

 

When the complex comes on stream, 400 thousand tons of ethylene, 90 thousand tons of C3 cut, 300 thousand tons of medium and heavy polyethylene, and 300 thousand tons of light polyethylene will be added to Iran’s petrochemical output.

 

Construction operations of the complex started in Pars Special Economic Energy Zone (PSEEZ) in 2002 and the project has made over 97-percent progress so far, the official added.

 

Mehr Petrochemical Complex, with over $231 million worth of investment, will produce high density polyethylene in Pars Special Economic Energy Zone.

 

The high density polyethylene project of Pars Special Economic Energy Zone is the first investment by Japanese companies in Iran’s petrochemical industry in the past 24 years.

 

The plan, which includes the construction of a 300-ton high density polyethylene plant, will be commissioned by Mehr Petrochemical Complex to a consortium comprising Iran’s RAMPCO and Japan’s Mitsui companies.

 

NK/MRK

END

MNA

 

 

News Code 33573

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