5 May 2016 - 12:29
  • News Code: 259658
NIOC to Finance Project for Oxidation of Mercaptans

TEHRAN, May 5 (Shana) – Managing Director of National Iranian Oil Company (NIOC) Roknoddin Javadi says his company will support the project for oxidation of mercaptans in gas condensates of phases II and III of South Pars gas field.

Javadi made the remark while visiting the 21st International Exhibition of Oil, Gas, Refining and Petrochemicals, which opened at Tehran International Permanent Fairground on Thursday.
Mansour Bazmi of Research Institute of Petroleum Industry (RIPI) told Shana that the managing director of NIOC had been briefed on the project and he vowed to provide it with finance. 
He said a contract has been signed between the Research Institute of Petroleum Industry (RIPI) and the Pars Oil and Gas Company. The project will be operational in Spring next year once necessary credit is provided and necessary conditions are available. 
News Code 259658

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