The Persian Gulf Bidboland Gas Refining Company, owned by
the Persian Gulf Petrochemical Industries Company (PGPIC), signed the deals for
the construction of 24 centrifugal compressors and a gas processing plant at
Ragsefid Operational District.
A signing ceremony was held at the Iranian Ministry of
Petroleum on Monday, April 5, to sign the contracts in the presence of Iranian
Minister of Petroleum Bijan Zangeneh as well as Mahmoud Aminnejad, the CEO of
Bidboland Persian Gulf Gas Refining Company, along with the CEOs of the three
The concluded deals entail construction, installation and
commissioning of 24 centrifugal compressors with a value of 75 million Euros
with Oil Turbo Compressor Company (OTC), MAPNA Turbine Engineering and Manufacturing
Company (TUGA), and a contract for the collection of associated petroleum gas
in the Ragsefid operational district worth 90 million Euros with Energy
Industries the Engineering and Design (EIED) Company.
OTC is responsible for the construction of 16 centrifugal
compressors for Aghajari 5 and Bibi Hakimeh 1 operation units and Pazanan gas
pre-compression station. On the other hand, TUGA will build eight centrifugal
compressors at a gas collection plant for Bibi Hakimeh 2.
The gas collection plant is aimed at preventing gas flaring,
observing environmental considerations, creating value added from collecting
the flared gases in the east of Karun River and providing sustainable feedstock
to petrochemical companies. To this end, two contracts for "improvement
and construction of gas collection facilities" were signed in September
2018 between the National Iranian South Oil Company (NISOC) and the Persian
Gulf Bidboland Gas Refining Company and Maroon Petrochemical Company with a
total investment of 1.3 billion dollars.
The $1.109 billion contract with Bidboland Persian Gulf Gas
Refining Company includes 27 projects for construction of flared gas collection
plants, improvement of existing plants and transfer of collected gas to
With the implementation of these projects, about 600 million
cubic feet per day of associated gases will be collected and transferred to the
refinery and about 1.5 million tons of C2 + will be added to the refinery’s
feed annually, which is a big step in solving the feedstock shortage of this
refinery and the nearby petrochemical plants.
Also, with the implementation of this project and processing
of associated gases, about 400 million cubic feet of light gas will be provided
to the National Iranian Oil Company on a daily basis, which will be used for
injection into oil fields or to supply fuel to the country.