Tag Archives | petrochemicals

Iran Raises Petchem Output under Rouhani

Iran saw its petrochemical output grow by 7.5 million tons/year under Iranian President Hassan Rouhani, a petrochemical official said. Addressing a press conference on Wednesday, Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei said the country’s petrochemical production capacity rose by 16% under President Rouhani who took office in 2013. Iran’s total petrochemical production capacity […]

Iran in Talks with European Firms on Petchem Projects

Iran is negotiating with major European enterprises from France, Germany and Britain on cooperation in petrochemical projects, an official announced, saying the talks have not still led to any agreement. Speaking to reporters in Tehran on Wednesday, Managing Director of Iran’s National Petrochemical Company (NPC) Marziyeh Shahdaei said Iran continues to hold talks with France’s […]

Petchem Industry needs $55bn Investment over 10 Yrs

Iran says it will need at least 55 billion dollars in investment in its petrochemical sector to bring its annual output to 150 million tons from the current 60 mt/y production capacity within the next 10 years. The Managing Director of the National Petrochemical Company (NPC) Marziyeh Shahdaei has said Iran will need $20 billion […]

Iran Plans to Launch 5 Petchem Projects by March

Iran is to launch 5 new petrochemical projects within the remaining two month of the current calendar year to March 20, a senior petrochemical official said. Managing Director of the National Petrochemical Company (NPC), Marziyeh Shahdaei, said that 4 projects will come on-stream during the Fajr Decade, marked as the anniversary of the victory of […]

Iran Seeks Foreign Investment for 25 Petchem Projects

Iran is seeking to encourage foreign investment to build 25 petrochemical projects, an official with Iran’s National Petrochemical Company (NPC) said. The NPC is proposing joint or individual investor participation in building the projects, Farnaz Alavi, NPC’s director for planning and development said on Saturday, according to Shana. Providing feedstock for five more projects was […]

Iran Looks to Turn Tabriz Into Petchem Hub

Iran is planning to build major petrochemical projects in the vicinity of the northwestern city of Tabriz in order to transform the region into a petrochemical heavyweight in the country and the region. Speaking during a ceremony to break the ground for an ethylene pipeline project in Tabriz, Iranian Minister of Petroleum Bijan Zangeneh expressed […]

All Iran Petchem Plants Operational despite Turkmen Gas Halt

Iran says all its petrochemical facilities are operating and they have been faced with no shortages in feedstock supply despite Turkmenistan’s abrupt cutting of gas flow to northern Iranian provinces. Ali Mohammad Bossaqzadeh, director of production control at the National Petrochemical Company (NPC), reacting to Turkmenistan’s Sunday move to halt gas flow to Iran, said […]

Iran, Total to Finalize Major Petchem Deal Soon

Iran and the French energy giant Total are expected to finalize a $2 billion deal by the end of the current Iranian calendar year (March 20, 2017), a report said. “In recent months, Total has assessed petrochemical projects in Iran and reviewed the status of feedstock. Now, their final plan is ready and the contract […]

Italians Eager to Invest in Jam Petchem Plant

Italian investors have indicated their readiness to finance construction of the PDH and PP units of Jam Petrochemical Plant. A group of Italian investors have paid a visit to Jam Petrochemical Complex located southern Iran with the hope of hunting out investment opportunities in the facility’s development projects. The delegation met with the facility’s executives […]

Shiraz Petchem Plant Exports Urea to Brazil

Shiraz Petrochemical Plant has exported a urea cargo to Brazil in a bid to diversify its export destinations. The plant sends goods to India regularly. The company has assumed this strategy of developing its markets and diversifying its products and has exported a urea cargo to Brazil the sanctions’ removal in January 2016. In October, […]