Sunday, November 21, 2004

IranMania News

IranMania News: " "Bushehr province, Iran's economic hub"

Sunday, November 21, 2004 - ©2004

LONDON, Nov 21 (IranMania) - President Mohammad Khatami said that southern province of Bushehr has turned into a major center of the country`s economic activities.

Addressing a ceremony marking inauguration of the Phase I of South Pars development project in Assalouyeh region on Saturday, Khatami called on officials in charge to focus on improving the province`s economic status.

He said, "There are still many shortcomings in the province despite essential steps taken by the government to remove deprivation there." Khatami said that undoubtedly, Iran is taking pride in the province of Bushehr for its important Assalouyeh region.

The first phase of South Pars gas field has a capacity to produce 25 mln cu.m. of natural gas, 40,000 barrels of gas condensate and 200 tons of sulfur a day, IRNA reported.

The phase, with huge on-shore and offshore installations, has been developed fully by Iranian experts and technicians, with 100 Iranian and foreign contractors being involved in the business.

Iran had a 69.12 stake in the giant project, implemented in a period of four years by Iranian Petropars Company under a buy-back deal, costing about dlrs 1.181 bln.

The offshore installations in the area comprise two drilling platforms, a production platform, a residential platform, a 32-inch undersea pipeline, being 105 kilometers long, and a gas refinery as well as accessory on-shore installations."


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