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News > Iran, South Africa to invest in GTL

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South Africa says it wants to import natural gas from Iran as LNG and GTL once the sanctions against the country are lifted.

Iran, South Africa to invest in GTL

Noting that Iran welcomes joint investment with foreign countries like South Africa in GTL units, Peyvandi said South Africa's government sector has been successful to raise GTL production capacity to more than 45,000 barrels per day, so the country can have proper activity in Iran in production of the product.
He said he was informed of South Africa's willingness to contribute to the project in a meeting with Thembisile Majola, South Africa’s deputy energy minister.
Also pointing to the fact that South African public sector wants to compete with Sasol in development of the GTL units, Peyvandi said South Africa is highly willing to invest and offer technical expertise to Iran in GTL.
The Iranian official said the South African party had been proposed to concurrently produce petrochemical products in the GTL units as certain countries produce petrochemical products in the GTL units.
Peyvandi referred to precedence of Iran's cooperation with South Africa in the petrochemical field and said Iran welcomes South Africa's resumption of cooperation in the field. 
Meanwhile, South Africa has voiced interest in importing natural gas from Iran once the sanctions against the country are lifted. It has expressed readiness to participate in projects to liquefy natural gas in the Islamic Republic for the same purpose. 
Majola was quoted by Iran’s media as saying that Pretoria is trying to prepare the grounds for the participation of state and private enterprisers in Iranian projects to produce Liquefied Natural Gas (LNG) as well as Gas-to-Liquids (GTL).
Producing GTL requires an advanced technology to convert natural gas or other gaseous hydrocarbons into longer-chain hydrocarbons such as gasoline or diesel fuel. The technology for producing LNG is easier and it involves cooling natural gas into liquid for easier transportation. 
South Africa’s energy giant Sasol was previously involved in discussions with Iran over the development of the country’s first GTL project. 
The project envisaged the development of Iran’s South Pars Phase 14 with the view of turning the output into liquid gas. 
However, Sasol eventually abandoned the scheme in 2006 as technicalities and outside pressures against it over its planned Iran investments mounted. 
Majola, in remarks carried by IRNA, has emphasized that South Africa is specifically eager to facilitate the transfer of GTL technology to Iran. 
This, she said, will help Iran promote its gas production plans given its vast resources of natural gas. 
Majola further said that Pretoria wants to participate with Iran in construction of new refiners in South Africa. 
She added that South Africa views Iran as a reliable future supplier of crude oil. 
Majola said Pretoria plans to start talks with major corporations that are involved in its energy sector including Shell, BP, Total and Chevron to resume the trade of crude oil with Tehran as soon as the sanctions against Iran are lifted.

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13:51 - 01/09/2015    /    Number : 355930    /    Show Count : 869


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