Iran to Start Liquid Gas Plant on Kharg in 2014, Times Says

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.

Before it's here, it's on the Bloomberg Terminal.