The Forum for Partners in Iran's Marketplace
 
 
 
 
 
 
 
 
 
 
 
     

August 2011, No. 61


Exclusive 16th International Oil Show

8 New Projects

Deputy oil minister for petrochemical affairs announced that eight new petrochemical projects will be launched during the current Iranian calendar year (started March 21, 2011).

He added that contracts for 30 petrochemical projects will be signed with domestic and foreign contractors and the new petrochemical hub of Iran will be established in Chabahar.

Abdolhossein Bayat said on the sidelines of the 16th International Oil, Gas and Petrochemical Exhibition in Tehran that a total of 40 million tons of various petrochemical products of Iran were sold last year.

He noted that a total of 24 million tons of petrochemicals have been sold at domestic and foreign markets adding, "Domestic sale of petrochemical products has increased 8 percent while foreign sales of Iranís petrochemicals has risen more than 16 percent last year compared to the corresponding period of the preceding year."

The official stated that total value of petrochemical products sold at domestic and foreign markets has been estimated at over 15.5 billion dollars.

"Last year, a total of 10.4 billion dollars of various petrochemical products and polymers were sold in international markets," he said.

Managing director of National Petrochemical Company stated that, last year, 17.8 tons of various petrochemical products have been loaded and offloaded in various ports and terminals.

"During the same period, 12 petrochemical projects with a total capacity of 2.87 million tons have been made operational through an investment of about 2.5 billion dollars," he added.

Deputy oil minister for petrochemical affairs said the value of petrochemical products stands at 1.5 billion dollars per year, adding, "Last year, an intensive plan was implemented to produce a total of about 3 billion liters of gasoline and diesel fuel at petrochemical plants."

"At present, we are capable of producing 24 million liters of gasoline at petrochemical plants per day. Iran started exporting urea fertilizer last year for the first time and the country also became self-sufficient in production of caustic soda, ethylene, and some other petrochemical products," he said.

The official noted that Iran has mastered technical know-how for production of four strategic petrochemical products and technology for production of petrochemical catalysts was transferred and indigenized last year.

Bayat stated that statute of the Iranian petrochemical industries has been formulated. He added that more than 1.8 billion dollars was invested in petrochemical industries in 2010 and 850 billion tomans worth of bonds have been sold to finance four petrochemical projects.

The official said that a total of eight new petrochemical projects will be commissioned during the current Iranian calendar year (started March 21, 2011) and 30 petrochemical projects will be assigned to domestic and foreign contractors.

 

Subscribe to
IRAN INTERNATIONAL

CURRENT ISSUE
   
  August 2011
No. 61