Gulf Oil and Gas accountACCOUNT

70 Downstream Projects Ready for Financing

Source: www.gulfoilandgas.com 2/10/2017, Location: Asia

Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei says the company has defined 70 downstream petrochemical projects and is ready to introduce them to interested financiers. Speaking on Monday upon a visit to Mahshahr petrochemical zone to launch Takht Jamshid and Karoon projects, southwestern Iran, the official said Irans total petrochemical production capacity stands at 60 million tons per year after over half a century of the industrys history.

20 petrochemical facilities are operating in Mahshahr with a nameplate overall capacity of 26.3 million tons per year. Iran supplies 2.3% of the worlds total petrochemicals and 22.6% of the Middle East region.

Karoon Petrochemical Plant is the first supplier of MDI in Iran which is a strategic product for production of a range of items including foams used in car industry and industrial covers.

Moreover, Takht Jamshid project is a key piece in completion of the value chain in the region because it is fed by butadiene and styrene for production of polymers.

Marziyeh Shahdaei, who is also deputy petroleum minister in petrochemical affairs, also said that NPC has plans for Mahshahr petrochemical zone which is currently operating with 30,000 direct and 47,000 indirect jobs.

She said 7 petrochemical projects with an annual production capacity of 5.5 million tons with an investment of $4.5 billion have been envisaged in the region which will be fed by other petrochemical facilities in Mahshahr.

Furthermore, NPC has defined 70 downstream projects for the region and has so far signed 14 memoranda of understanding (MoU) with developers for their construction.

Investment News in Iran >>

Egypt >>  1/16/2019 - Major Italian oil company Eni has had overall investments of $13 billion in Egypt since 2015, the CEO of the company Claudio Descalzi told Egyptís Pre...
Norway >>  1/7/2019 - The Norwegian authorities have approved the application for start-up of theOda field in the North Sea. Operator Spirit Energy expects start-up in Febr...

India >>  1/2/2019 - Iran will invest about 15 billion rupees to expand a refinery run by Chennai Petroleum Corp. in south India, the companyís managing director said, ami...
Saudi Arabia >>  12/27/2018 - In March 2018, Saudi Aramco participated in the Saudi-U.S. CEO Forum held in New York to promote bilateral business and cooperation between the two co...

Russia >>  12/25/2018 - The Gazprom Board of Directors took note of the information about the Companyís preliminary operating results for 2018 and the projected investment pr...
Iran >>  4/20/2015 - Two British companies are gathering information about how to invest in Iran, managing-director of Iran Industries Investment Company said. ...

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 |

More News

Related Links

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