Iran Said to Boost Condensate Stockpile After Refinery Delay
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Iran’s delay in starting the Persian Gulf Star refinery means it’s being forced to boost stockpiles of condensate, a light oil found in natural gas deposits, said four people with knowledge of the situation.
The 360,000 barrel-a-day Persian Gulf Star refinery won’t start this year as planned, leaving excess condensate supply from the South Pars gas deposit, said the people, asking not to be identified because the information is private. State-run National Iranian Oil Co.’s press office didn’t respond to two calls seeking comment on Thursday, a weekend day in Iran.