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NISOC to Produce Gasoline from GLT

Source: www.gulfoilandgas.com 7/20/2015, Location: Asia

The project of compiling technical know-how, and advanced base and conceptual designing of semi-industrial unit for producing gasoline from GLT in NISOC, was entrusted to Research Institute of Petroleum Industry (RIPI) .

Speaking In signing ceremony of this contract, managing director of national Iranian south oilfields company said, NISOC seeks establishing a strong bond with Research Institute of Petroleum Industry (RIPI).

Speaking for his part, head of production at NISOC said, Iran owns 18% of total global's gas reserves and ,therefore, utilizing advanced technologies for transforming gas into valuable products is of high significance.

He added, previously , associated gas was recognized as the sole source of fuel for both industrial and household consumptions , but after that and in line with preventing selling of raw materials , producing Ethane , Methane, Methanol , and LNG got operational.

"Aligned with these developments, the latest method for producing liquefied fuel from GLT came into effect, the one with could yield substantial economic and environmental benefits for national economy," he continued.

Seyyed Amir Abbas Hossein Deputy Head of research institute of petroleum industry (RIPI) also said for his part that, in last year the project of designing and constructing plants for producing GLT in Gheshm Island was implemented.

speaking in this meeting , NISOC 's Head of research & development department also said , this project's value is estimated at Rls. Billion and it is predicted to be accomplished in a 12-month period of time.

Bagher Pourghasem noted, designing, manufacturing and starting up this industrial plant will be implemented aligned with the policies of the Iranian petroleum ministry regarding utilizing associated gases as feedstock.

As the largest oil producer NISOC output accounts for 80% of total domestic production.

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