Gulf Oil and Gas accountACCOUNT

Iranís Petrochemical Projects Get $3.6bn in Development Aid

Source: www.gulfoilandgas.com 1/13/2013, Location: Asia

A senior Iranian energy official says Iranís National Development Fund (NDF) has allocated 3.6 billion dollars to the development of the countryís petrochemical industry.

Managing Director of the National Iranian Petrochemical Company (NIPC) Abdolhossein Bayat said on Monday that 3.6 billion dollars will be spent to construct 11 petrochemical projects.

Bayat stated that out of the 70 petrochemical projects in Iranís Fifth Five-Year Economic Development Plan (2010-2015), ďSo far, 17 petrochemical projects, worth 6 billion dollars in foreign investment, have been introduced to the NDF.Ē

He said the NDF has provided the currency credit needed for 11 petrochemical plans so far.

Iran has expanded the range and volume of its petrochemical production significantly over the past few years, and the NIPC has become the second largest producer and exporter of petrochemicals in the Middle East.

The Islamic Republic exported a total of 18.2 million tons of petrochemical and polymer products, worth about 14.2 billion dollars, to more than 60 countries in the previous Iranian calendar year (ended March 19, 2012).

Investment News in Iran >>

Nigeria >>  2/22/2021 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement on the funding arrang...
United Arab Emirates >>  2/22/2021 - The Abu Dhabi National Oil Company (ADNOC) has announced, its Thamama Center of Excellence (Thamama) has generated $1.1 billion (AED 4.04 billion) in ...

United Kingdom >>  2/22/2021 - Integrated subsea technology and services provider Ashtead Technology has invested £1million to develop a new R&D and engineering facility in Aberdeen...
Nigeria >>  2/21/2021 - The Department of Petroleum Resources (DPR) has called on businessmen to invest in the oil and gas industry instead of indulging in illegal refineries...

Italy >>  2/19/2021 - Eni's Board of Directors, chaired by Lucia Calvosa, yesterday approved the unaudited consolidated results for the full year and the fourth quarter of ...
Russia >>  2/12/2021 - - Net income in 4Q 2020 reached a record of RUB 324 bln and amounted to RUB 147 bln in 2020. ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.