The CEO of Oman Oil Company Isam Al Zadjali said his company is interested in investment opportunities of Siraf Refineries Park located in the southern Bushehr Province.
“Our delegations discussed oil, gas, and petrochemical ties in Tehran, and the talks centered on preparations of the pipeline to export Iran’s gas to Oman,” he told Shana following a meeting between Iranian Petroleum Minister Bijan Zangeneh and Oman Oil and Gas Minister Mohmmed bin Hamad Al Rumhi on Monday.
Iran and Oman signed the contracts with the domestic consultant firms to study constructing the pipeline to carry gas to Oman on Sunday.
The project involves land and sea parts. Iran and Oman agreed in 2013 to construct the pipeline which for 15 years will carry 28 million cubic meters of gas across Persian Gulf to the Omani port.
The project includes laying the 400-kilometer land-sea pipeline from Iran to Oman. According to initial available data, the land part of the gas pipeline extends for 200 kilometers from Rudan to Mobarak Mount in southern Hormozgan Province. The seabed section between Iran and Sohar Port in Oman will stretch for another 200 kilometers.
“It was an opportunity for the Omani side to become familiar with the Iranian side’s oil and gas activities. We can take full advantage of the economic prospects before Tehran and Muscat in order to expand bilateral relations,” Al Zadjali added.
“After the Iranian side briefed the Omani delegation on refinery projects,” he said in reference to Siraf Refineries Park, “we became interested in studying the existing capacities for investment and participation in the projects.”
The Siraf refining facilities are to be constructed on 300 ha of land in Pars II Zone (Kangan) between development phases 13 and 19 of South Pars gas field in southern Iran. The total capacity of the refineries in this complex amounts to 480,000 b/d of gas condensate.
In the first phase, Siraf plant is designed to produce 24,800 b/d of liquefied gas, 128,000 b/d of light naphtha, 147,600 b/d of heavy naphtha, 29,600 b/d of jet fuel and 149,600 b/d of gasoil.
Each of eight companies working for Siraf project is committed to providing $300 million in equity, but they are not obliged to pay a lump sum. As the project makes progress, they would have to pay. This refinery would supply 70% of the feedstock needed for running petrochemical plants.