TEHRAN – The Oil Minister Bijan Namdar Zanganeh announced on Thursday that the first phase of Amak project would come on-stream during the first half of the next Iranian calendar year (starting March 20, 2004).Speaking during a tour of the project on Thursday, the minister added that the project prevented burning 5-6 million cu. m. associated gas near urban areas in Ahvaz, which led to heavy environmental pollution.
"The project is economically important too because in addition to preventing burning of associated gas, it would also lead to production of 30,000 barrels gas liquids per day, which is the best feed for petrochemical industries," he said.
Zanganeh stated that the cost of Amak project would be returned through revenues within one and a half years.
"The project would also supply part of the needed sour gas for Razi Petrochemical Company… When the project became operational, in addition to producing gas liquids, it would supply sour gases as petrochemical feed as well as sweet gas that would be injected into the cross-country network. The ethane separated from sweet gases would be used by various units of Bandar Imam Petrochemical Complex," he said.
The minister expressed hope that the second phase of the project would become operational by the end of the Iranian calendar year 1383 (March, 2005).