9 June 2015 - 10:52
  • News Code: 242461
Siraf Project Cutting Expenditures

TEHRAN June 09(Shana)--Using existing infrastructures at South Pars could reduce Siraf refining project’s expenses between one billion dollars to one and a half billion dollars, managing director of Siraf Refineries Infrastructures Co Alireza Sadeghabadi said.

Sadeghabadi continued oil refineries are usually being built either near the sites of providing feedstock or close to consumption market and that is why it was decided to build Siraf refining project in the vicinity of South Par which in turn will facilitate access to feedstock.

He noted that being close to South Pars will reduce capital expenditure needed for laying pipelines, building pumping stations and storage of feedstock as well as expenditures for proving feedstock.

Having access to stilling basin and existing breakwaters, water cooling systems and electricity are the other advantages of being near to the South Pars, he said.

Elsewhere in his remarks he said that availability of an export terminal and allocating 4 jetties to Siraf refining project will trim the investment costs by 400 million dollars.

According to him, construction of 100 thousand barrels of storage units which will be built in a 3-year period instead of construction of 120-thousand-barrel units in a 4-year period will shorten the time of this part of the project by one year and at the same time will reduce costs by 20 percent.
News Code 242461

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