According to POGC, the facility was launched with the aim of completing the value-chain of the two phases.
Alireza Ebadi, operator of the phases, said that the two propane storage tanks would come online by the end of the current month of Aban in the Iranian calendar (October 23-November 21).
He said this would be a major step for completion of the value chain of the onshore refineries of the two phases.
Phases 20 and 21 of South Pars are developed for production of 1.1 million tons per year of LPG annually besides other hydrocarbons.
Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.