Iran plans to complete a 1.2 billion euro ($1.6 billion) natural gas liquid production plant on Kharg island by March 2014, the Tehran Times newspaper reported.
The projected output is 600 million cubic feet a day, Iranian Offshore Oil Co. engineering director Reza Bayazi said, according to the Tehran-based daily’s report published today. The project is half-way complete, he said.
Iran intends to start production after March 2014, which will mark the start of a new Iranian year, Bayazi said.
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