“The position of this refinery is very important in supplying feed to petrochemical units and completing the country’s energy basket.” Mahmoud Aminnejad said on Sunday in a ceremony for celebrating the achievements of the country’s petrochemical industry in the previous Iranian calendar year (ended on March 20).

Underlining that the refinery was constructed in a condition when the country was under significant pressure due to the U.S. sanctions, the official said: “the project is important because it has made us able to process and refine the associated gases collected from the country’s oil fields.”

“With the construction of Bidboland Persian Gulf gas refinery, the oil industry’s 110-year-old dream of collecting and processing oil’s associated gases has been fulfilled,” he said.

He called Bidboland Persian Gulf Gas Refinery one of the most important projects among all South Pars projects and said: “After sour gas entered this refinery, we reached product in less than seven days.”

Persian Gulf Bid Boland Gas Refinery, in which $3.4 billion has been invested, was officially inaugurated by President Hassan Rouhani in southwestern Khouzestan Province in late January.

The refinery was put into operation with the aim of increasing the production of sweet gas, reducing the consumption of petroleum products, production of propane, butane, and gas condensate, the export of by-products, the supply of natural gas to urban areas, and supplying ethane required by petrochemical units in the region.

The refinery, which took 36 months to complete, has a daily processing capacity of more than 56 million cubic meters of associated gas and is expected to generate $700 million of revenue every year.

This complex receives about 13.500 tons of sour gas per year from NGL 900 and 1000 Plants while receiving 2.25 million tons of sweet gas from NGL 1200 and 1300 Plants.

As the largest gas refinery project in West Asia, Bid Boland will have an annual production capacity of 10.4 million tons of methane, 1.5 million tons of ethane, one million tons of propane, 600,000 tons of gas condensates, and 500,000 tons of butane.

In 2020, Bid Bolad Refinery project was nominated for the International Project Management Association (IPMA)’s Global Project Excellence Award at the energy sector; it was also awarded as Iran’s top mega project by the Ninth National Project Management Award.

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“A feasibility study is currently being prepared on the creation of the Azerbaijan-Russia-Iran ‘North-South’ energy corridor. All of these works expand our cooperation in the energy sector,” Sputnik news agency reported.

At the same time, the minister noted that the energy systems of Azerbaijan and Russia operate in a parallel mode and the electricity exchange is underway. The three wheeled cooperation of Azerbaijan-Russia-Iran will contribute to the energy economy of Iran’s north region.

“So, in 2018, more than 121 million kWh of electricity was exported from Azerbaijan to Russia, and over 76 million kWh of electricity was imported from Russia,” Mustafayev said.

Russia’s System Operator and power company Rosseti, Azerbaijan’s Azerenerji and Iran’s Tavanir (Iran Power Generation and Transmission Company) are parties to the agreement.

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He made the remarks in an exclusive interview with IRNA and added, “setting up joint working group was agreed by Afghanistan president and now, we are waiting for the establishment of the committee as soon as possible.”

In this committee, date for organizing summit of joint economic cooperation commission will be consulted, he said, adding, “then, necessary measures will be taken for holding the summit.”

Elsewhere in his remarks, Ardakanian pointed to the agreement inked between Iran and Afghanistan for repairing Afghan’s electricity transformers and turbines and added, “necessary measures have been taken in this respect.”

For this purpose, Deputy Minister of Energy Homyoon Haeri along with Managing Director of Iran’s Power Generation and Transmission Company (TAVANIR) Mohammad Hassan Motavalizadeh visited Afghanistan in August 17 for holding talks with senior officials of Afghanistan Ministry of Water and Energy which led to signing and sealing a Memorandum of Understanding (MoU) between energy officials of the two countries.

Renewing contract for Iran’s electricity exports to Afghanistan, cooperating to reduce electricity network losses in Afghanistan, developing Afghanistan power grind, constructing Zaranj electricity transmission line in Afghanistan, renovating Afghanistan electricity grid as well as reconstructing a number of power turbines and transformers of Afghanistan were discussed in this bilateral meeting.

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He said 13 petrochemical companies had purchased the catalysts and would use them in their operations.

As an example, the official said that consuming Ziegler–Natta catalyst used for the production of linear light polyethylene would save companies some $30 million annually.

Moreover, commercialization of the catalyst for the production of high-density polyethylene pipes would save petrochemical companies $15 million annually.

PRTC cooperates with a wide range of petrochemical companies in Iran as licensor and research consultant, Pajouhan said.

Petrochemical is Iran’s most important industry after oil and gas. The National Petrochemical Company hopes to lift output capacity to 120 million tons per annum by 2022.

In the March 2018-19 fiscal, Iranian companies exported $14.1 billion worth of petrochemicals. Official data has it that petrochemicals account for 32% of Iran’s non-oil exports.

The petrochemical industry has played a key role in domestic economic growth as it creates value-added and reduces the sale of oil and gas on which the economy has been dependent for decades.

With abundant hydrocarbon reserves and new private sector investments, Iran is working hard to maintain its global status in the key sector and broaden its scope.

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Synchronization of power grid and increasing electrical connections between Iran and Afghanistan were the main topics as highlighted in the MoU, the deputy energy minister added.

The MoU can cause private sectors of the two countries to be supported duly, he said, adding, “accordingly, Iran’s private sector can participate in Afghanistan’s electricity projects.”

In addition, this MoU can bring about suitable condition for Afghanistan to have electrical connection both with Iran and Turkmenistan, the Deputy Minister of Energy Haeri added.

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It is expected that feasibility studies for connection of electricity lines between the said three countries would be launched within the next year.

The three countries of Iran, Russia and Republic of Azerbaijan are after studying technical and economic dimensions for connecting electricity lines between each other within the framework of feasibility studies plan.

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The other 22 were also repaired by Iranian companies, he added.

He said the company had prioritized identification of proficient domestic companies that could supply or manufacture the items needed in SZOGPC’s oil and gas projects, adding that the engineering section of the company had formed technical and specialized teams in various sectors like electricity, mechanic and measuring instruments in order to define research projects for manufacturing or repairing the items domestically.

The official said repairing a VGV Controller, three electronic feed cards and manufacturing of the Siemens SGT ۴۰۰ turbine coupling bolt, which is one of the state-of-the-art oil and gas turbines, were among SZOGPC’s achievements in the current year.

Furthermore, repairing all kinds of valves, electromotors, hydraulic pumps, transformers and manufacturing of all types of O-rings, washers, gear, cutting machinery, etc. are other items which have either been manufactured or repaired by domestic companies for SZOGPC.

SZOGPC is one of the most active companies in Iran’s oil industry. Estimates show its reserves hold a total of 3.7 trillion cubic meters of in-place gas, some 2.7 trillion cubic meters of which are deemed recoverable.

The company also holds 425 million barrels of crude oil reserves, of which 12 million have so far been extracted. Its crude output is expected to stand at 6,100 barrels per day in the next fiscal year that starts on March 21.

The company operates 11 oil and gas fields, including Aghar, Dalan, Nar, Kangan, Tabnak, Sorkhoun, Homa, Varavi, Shanoul, Sarvestan and Sa’adatadab fields in Fars, Bushehr and Hormozgan provinces. All the fields are located in five regions, namely Nar and Kangan, Aghar and Dalan, Parsian, South Sorkhoun and Gashou, as well as Sarvestan and Saadatabad.

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Accordingly, the state-run NPC is tasked with vetting the credentials of petrochemical units intended to be based in PEIISEZ.

Facilitating the deployment of petrochemical companies in the zone, the MoU will accelerate the operation of five petrochemical projects in the region, each of which will have a capacity to generate five to seven thousand jobs.

Plans are underway to produce 4 million tons of steel, 18 million tons of petrochemicals and 1.2 million tons of aluminum. Besides 6,000 megawatts of power will also be generated in the region.

Petrochemical is Iran’s most important industry after oil and gas. The National Petrochemical Company hopes to lift output capacity to 120 million tons per annum by 2022.

In the March 2018-19 fiscal, Iranian companies exported $14.1 billion worth of petrochemicals. Official data has it that petrochemicals account for 32% of Iran’s non-oil exports.

The petrochemical industry has played a key role in domestic economic growth as it creates value-added and reduces the sale of oil and gas on which the economy has been dependent for decades.

With abundant hydrocarbon reserves and new private sector investments, Iran is working hard to maintain its global status in the key sector and broaden its scope.

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The waiver will allow Iraq to continue buying gas and electricity from Iran.

The administration of US President Donald Trump said in March it was extending a 90-day waiver for the second time to let Iraq continue energy imports from Iran.

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