Small and medium size condensate refineries
Scope of work
Regarding Iran’s vast energy resources and its public policies to prevent the sales of crude oil, unique economic capacities have been created for investors. One of the several favorable investment areas can be gas condensates. The condensates are currently exported in return to relatively low prices (due to their high mercaptan content). It is, however, possible to market gas condensate at higher prices as condensation products such as gasoline, kerosene, gasoline and solvents after refining the mercaptans, sulfur reduction and processing.
Design, construction and installation of mini-refineries to avoid sale of crudes in return for added value
Objectives and Achievements
Construction of a national oil and gas condensate refinery has been among the major goals of the Iranian oil industry and the industrial societies in the country. With this project it is essential for localization all the Iranian refineries to achieve national self-sufficiency and production of value added in national capital of harvest.
Economics and Finance
The estimated investment for a capacity of 20,000 barrels per day is about 80 to 130 million dollars with a rate of return over 35 percent; and about 250 to 300 million dollars for a capacity of 60,000 barrels per day with rate of return 48 percent.