NPC and Sasol in 2002 completed a pre-feasibility study for the plant, which will have capacity of up to 70,000 barrels a day (b/d) of GTL.
It is expected that the feasibility study will be converted into a full financial advisory mandate and as such there was tight competition for the position. The other main bidders were BNP Paribas, HSBC and Mizuho Financial Group (MEED 14:2:03).
Another GTL project is under development in Iran, with NPC working alongside the Royal/Dutch Shell Group and National Iranian Oil Company (NIOC). Societe Generalehas won the mandate to carry out a preliminary financial feasibility study on this project.