Production Engineering: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

NPC Plans to Boost Petrochemicals Production

Source: www.gulfoilandgas.com 4/16/2012, Location: Asia

Share |

Production and exports of petrochemical products will go up during the current Iranian calendar year which has been dubbed the Year Of National Production, Supporting Iranian Labor and Capital by the Supreme Leader of the Islamic Revolution.

Making the above remarks, the National Petrochemical Company (NPC) managing director, Abdolhosain Bayat said the company endeavors to realize its planned targets for this year including boosting production.

Citing to the Supreme Leader of the Islamic Revolution’s remarks on boosting growth and development in oil industry, the official noted that completion of developmental plans and unfinished projects, focusing on boosting production along the development of downstream industries are among the main objectives of the sector in current year.

Abdolhosain Bayat also said last week that during the fifth five year plan 50 billion dollars would be invested in petrochemical industry, half of them in Boushehr province south of Iran.

Addressing inauguration ceremonies of a petrochemical project (butane-1), Bayat said this year more jobs would be created in the sector.

Referring to existence of extensive potentials in petrochemical industry, the official said the industry enjoys value-added advantages so that investment in the sector would be beneficial.

‘Last year the value of petrochemical exports stood at 14 billion dollars while the weight of it reached 43 million tons out of which 18 million tons were exported’, Bayat noted.

‘Regarding widespread investment potentials in petrochemical sector, National Petrochemical Company (NPC) is ready to support those interested to invest in the sector’ NPC’s managing director concluded.

Production Engineering News in Iran >>

Iran to Import 10 Chinese Drilling Rigs Worth $850 Mln
Iran >>  6/19/2013 - Despite following policies for reducing reliance on foreign technologies and attaining self-sufficiency in the oil sector, the North Drilling Company ...
China Oil Trade - May 2013
China >>  6/18/2013 - China’s crude oil imports increased in April by 189 tb/d, or 3.5%, from the previous month, to average 5.6 mb/d, despite lower refining levels. On an ...

Japan Oil Trade in May 2013
Japan >>  6/16/2013 - Japan crude oil imports saw a large decline in April by around 480 tb/d or 11% to average 3.7 mb/d. This decline was a fallback after the increase in ...
Two Drilling Rigs Go to Kirinsky Block of Sakhalin Shelf
Russia >>  6/14/2013 - Gazprom's semi-submersible drilling rigs Polyarnaya Zvezda (Polar Star) and Severnoye Siyaniye (Northern Lights) left the Kholmsk Port on the Sakhalin...

Gazprom Keeps Developing its Own GTL Technology
Russia >>  6/14/2013 - The Gazprom Management Committee took notice of the research being done by the Company to develop a gas-to-liquids (GTL) technology. The GTL technolog...
Gazprom & Republika Srpska Sign Roadmap on S.Stream Project
Russia >>  6/14/2013 - Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Milorad Dodik, President of Republika Srpska signed a Roadmap to implement...



Related Categories: Consultants  Engineering  General  Maintenance and Repair  Production Engineering  Project & Resource Management  Training & Education 

Related Articles: Consultants  Engineering  General  Maintenance and Repair  Production Engineering  Project & Resource Management  Training & Education 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |


More News

Oil & Gas Companies in Iran >>

Related Links

Countries Quick Links

AZ CN GE ID IN IR JP KR KZ MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us