September 13, 2021 18:22

Private Sector to Handle Ethylene Pipeline Operation, Maintenance

Extending from the port city of Asalouyeh off the Persian Gulf in the south to the northwest, WEP is a 2,800-kilometer pipeline that supplies ethylene as feedstock to 13 petrochemical factories for producing value-added goods worth $2 billion per year

The annual ethylene injection to West Ethylene Pipeline is expected to reach 3.5 million tons in four years, in which case petrochemical companies will have enough feedstock to produce value-added products worth $3.7 billion annually.
Behzad Mohammadi, managing director of the National Petrochemical Company, made the statement in a ceremony to sign a contract with Oil Industries' Commissioning and Operation Company, based on which the private sector firm was assigned the operation, maintenance and repair works of West Ethylene Pipeline, the Oil Ministry’s news portal Shana reported.
The deal was signed by Jalal Mirhashemi, director of NPC’s Production Control Department, and Manouchehr Taheri, the head of OICOC, in Tehran on Sunday.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

https://financialtribune.com/node/110253Click to copy the urlCopied

Republishing Guidelines