TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said Bidboland II Gas Refinery Project was a valuable, national project and played a key part in the oil and gas industry of the country.
During visit to the facility, Behzad Mohammadi, who is also deputy petroleum minister in petrochemical affairs, said the mega project was being completed at an acceptable pace and it the refinery would come on-stream by 2020.
The CEO said the project was one of the key projects in Iran’s oil and gas industry which would be fed by four NGL plants which made it different from South Pars refineries which are fed by South Pars gas field.
The refinery is being developed for processing 2 billion cubic feed of natural gas per day.
Once Gachsaran project, in southwestern Iran, comes online, Bidboland will send 1.5 million tons of ethane to the facility, but before that, the ethane will be used as feedstock by the petrochemical plants operating in Mahshahr Petrochemical Zone, also in southwestern Iran.
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.