November 30, 2009
Iran plans to increase its natural gas output by investing about 750 million dollars in three gas refineries.
Alireza Gharibi, managing director of the Iran Gas Engineering and Development Company, says a total of $250 million will be spent to develop both phase two of the Ilam gas refinery, and phase three of the Shahid Hasheminejad gas refinery (Khangiran).
A total of 11.2 million cubic meters (mcm) per day will be added to Iran's output capacity on completion of the two plants, he said.
Gharibi added that a new plant will also be set up at the Parsian gas refinery, at cost of about $500 million, to produce ethane gas.
Iran has the second largest gas reserves after Russia and the third largest petroleum reserves in the world.
(Source: Press TV)
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