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NEW 35,000 B/D GTL PLANT ANNOUNCED FOR IRAN

The Narkangan Gas to Liquid International Co. (Narkangan), together with Sumitomo Bank Ltd., has completed a pre-feasibility study for a 35,000-barrel per day (b/d) GTL plant to be built in Iran.

The facility would be built in the Special Energy Economic Zone at Assaluyeh on the Persian Gulf, a short distance from the giant South Pars, Nar and Kangan gas fields. Preliminary approval for the land subject to final gas allocation has been given and the company hopes to get to the second phase of negotiations with the foreign parties by the summer of 2001.

Iran, with a current gas reserve estimate of 900 trillion cubic feet (Tcf), has become the flavor of the month in terms of a ...

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