According to Public Relations and International Affairs of Qeshm Free Area Organization, Hamid Reza Momeni said in an interview with IRNA on Saturday: "Out of 17 Qeshm oil and gas fields, 2 fields are located inside the island and near the villages of Salakh and Gavarzin, which Currently, the Gavarzin Refinery is producing 15,000 bpd of oil per day.
He continued, "The Salakh field has a sour gas and its extraction and production costs are high, but with the implementation of the Ministry of Oil's policies for "using in-place", production in this area will be economically justified.
Sour gas is a kind of natural gas that contains some impurities including sulfur and its compounds, such as hydrogen sulfide (H2S) and sometimes carbon dioxide (CO2), which due to its high corrosion, toxicity, and low quality The sweetening process is put to purity and its quality goes up.
Forecast of four refineries with 70 thousand barrels of bitumen
The chairman of the board of directors of Qeshm Free Area Organization stated: Previously, four units were foreseen in the refinery segment and the production ceiling was for each between 25 and 35 thousand barrels of heavy oil (bitumen).
He added: Studies have shown that this ceiling is not cost-effective, and refineries must produce at least 70,000 barrels of bitumen for economic justification.
Momeni continued: In this regard, the operation of one of the units with four thousand and 775 billion Rials of investment began, which today has 24% of physical progress.
He announced the production ceiling of this unit at 70,000 barrels and stated: The excavation operations of the refinery with a value of 1,151 billion Rials were completed and machinery for its equipping has been ordered.
CEO of Qeshm Free Area Organization added that he has received requests for the construction of three other units and is currently under consideration to select the investor.
He said the oil pipeline on the northern shore of the island with the capacity to enter and exit 16 million tons of refinery products has started with an investment of 2,349 billion Rials.
Momeni continued: So far, 76 billion and 700 million Rials have been spent on the construction of the waterfront, and the plan has made 28 percent of the physical progress.
Run three units of energy production
CEO of Qeshm Free Area Organization referred to the operation of a 70 MW power plant at a cost of 400 billion rials and stated: On this site, a 500 MW power plant with a credit of 15 billion rials is under construction.
The chairman of the board of directors of Qeshm Free Area Organization added: "So far, 435 billion rials have been spent on the construction of this power plant, which has been implementing this plan 10% of the physical progress."
He continued: In this project, a freshwater production site with a capacity of 100 thousand cubic meters is under construction, the total credit of which is 1,950 billion rials.
He added that another plant with a capacity of 500 megawatts of electricity with a credit of 9,995 billion rials is under construction, which has already cost more than 25 percent of the physical development with 459 billion rials.
CEO of Qeshm Free Area Organization said: "Totally, for two power plants, oil pipeline and refinery will cost up to $ 1.5 billion."
He acknowledged that two other refineries are ready to be built, which is expected to be invested up to one billion and $ 500 million to implement it.
Assign 25 million cubic meters of gas to Qeshm Petrochemical Complex
Momeni added that with consultations with the Ministry of Oil, 25 million cubic meters of gas was supplied to Qeshm Island to supply fuel for petrochemicals, increasing to 40 million cubic meters.
"The allocation of this amount of fuel to Qeshm means creating five to eight petrochemical units on the island, Which is expected to generate $ 7 billion in investment and between 6 and 9 million tons of petrochemical products,he said.
Chairman of the board of directors of Qeshm Free Area Organization said that he had signed a contract with one of the world's best advisers to carry out the necessary studies to build a petrochemical site within six months.
He said that there were also good negotiations in the field of petrochemicals, and so far three investors have been identified that an investor is going through legal procedures for investment.
Momeni added that studies on the Souza quay project were also carried out for the transport of petrochemicals by a group of Dutch experts and is currently in the phase of the proposal to attract investors.
He pointed out that with the activities undertaken to grow petrochemicals on the Qeshm Island, the route has been marked, and with the start of the investment, these activities are accelerating.
Qeshm Island, with an area of 1500 sq.kilometers from the Strait of Hormuz, extends to the southern coast of Iran at a distance's of 135 kilometers and an average latitude of 11 kilometers in the Persian Gulf.
Qeshm city includes Qeshm, Hormoz, Hengam and Larak islands, about 1624 square kilometers in size and 150 thousand people.
The end of the rowing coach training course in the biosphere reserve of Qeshm's Mangro forests/ Introducing the Top 14 Riders of Island to JICA.