Iran and Eni negotiating condensate refinery project

 Iran and Eni negotiating condensate refinery project

Iran is negotiating with Italian energy firm Eni for investment in the Shiraz Pars Refinery project, the Iranian deputy oil minister, Abbas Kazemi, said. 

Talks are underway with the Italian firm for cooperation and investment in the gas condensate refinery project, Kazemi, who heads National Iranian Oil Refining and Distribution Company, said.

The Shiraz Pars Refinery will be the first national condensate refinery in Iran, Trend reports.

Upon inauguration, it will have a daily capacity to refine 120,000 barrels of condensate and produce a daily amount of 12 million liters of gasoline conforming to Euro-5 standard.

Eni came to Iran in the early 2000s. It was to develop Phase 3 of Darkhovein Oilfield in Khuzestan Province and Phase 19 of South Pars Gas Field, but halted operations due to sanctions.

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