Iran to Construct Eight NGL Storage Facilities

Iranian Pars Oil and Gas Company plans to construct natural gas liquid (NGL) storage facilities with the capacity of 640,000 cubic meters in the Southern parts of the country on the rims of the Persian Gulf, Fars News Agency has reported.

The storage facilities are expected to be built in Assalouyeh in the Southern Iran in order to stock gas condensate produced by some refineries in the South Pars gas field, the news agency quoted from a statement on oil ministry's website.

Eight facilities, each with the capacity of 80,000 cubic meters, are planned to be constructed.

With development of new phases of South Pars gas field Iran’s gas condensate production is expected to surpass one million barrels per day, Shana News reported last week.