SP Phase 2 Petrochem Exports to Hit $13b

SP Phase 2 Petrochem Exports to Hit $13b

Iran plans to earn over $13 billion from export of petrochemical products of South Pars Phase 2 in Assalouyeh in the coming years, deputy director of the National Petrochemical Company said Tuesday, ILNA reported.
Mohammad Hassan Payvandi stated that around 33 million tons of petrochemicals from the phase will be sold at $400 per ton.
"Our estimates show that more than 40 million tons will be added to the country's petrochemical output once all petrochemical development projects in Assalouyeh are completed," the NPC official projected.
Oil Minister Bijan Namdar Zangeneh recently called for increasing the value of petrochemical exports from $20 billion to $40 billion. "To this end, Assalouyeh-based petrochemical plants will have a significant role," Peyvandi stated.
"New development plans are aimed at cutting the amount of raw material exports, creating jobs in the region, and seeking cooperation from the private sector," he added, saying that private companies are currently building extension generators and fractionating columns in Assalouyeh.
Iran's petrochemical production capacity is expected to surpass 180 million tons in 2025.   


Short URL : http://goo.gl/QbvfVe

You can also read ...

China Rejects US Sanctions, Vows to Continue Iran Crude Purchase
As the US and Iran continue to trade barbs over the...
India Vying for US Waiver
India, the second biggest crude customer of Iran, may cut its...
Venezuela Braces for Pricey Gasoline
Gasoline prices in Venezuela will soon catch up with world...
Zanganeh to Attend OPEC, Non-OPEC Committee Meeting
Iran's Oil Minister Bijan Namdar Zanganeh will attend a...
S. Korea Iran Crude Imports Up 15%
South Korea’s imports of Iranian crude rose around 15% in July...
Indonesia Cuts Oil Imports
Indonesia’s PT Pertamina will get an extra 225,000 barrels per...
UK's Quercus Halts Iran Renewable Project
British renewable energy investor Quercus said it will halt...
NPC Not Worried About Exports
The National Petrochemical Company is not concerned about...