The plant that will produce natural gas liquids (NGL) will be inaugurated by President Mahmoud Ahmadinejad in an official ceremony on Thursday.
When fully operational, the plant would on average collect 100 to 104 million cubic feet per day (mcfpd) of dry gas, thus preventing associated petroleum gas from being burned in flares.
The NGL plant will also produce 1,500 barrels per day (bpd) of pentane, 4,000 bpd of butane, 1,400 bpd of gas condensate and 8,000 bpd of propane.
Several Asian and European countries have expressed readiness to purchase condensate and gas liquids from the Siri plant, despite oil and gas sanctions against Iran.
On October 15, 2012, the European Union announced a package of sanctions against Iran, which focuses on Iranian banks, trade and gas exports.
The US Senate also approved new sanctions against Iran's energy, port, shipping and shipbuilding sectors on November 30, 2012, in a bid to mount economic pressure on the Islamic Republic.
The illegal US-engineered sanctions have been imposed based on the unfounded accusation that Iran is pursuing non-civilian objectives in its nuclear energy program.
Iran rejects the allegation, arguing that as a committed signatory to the Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it has the right to use nuclear technology for peaceful purposes.
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