14128
12 Petrochem Projects Ready This Year
Energy

12 Petrochem Projects Ready This Year

Petrochemical output is to rise by 14 million tons upon the completion of 12 major projects in the present Iranian year (started March 2015), Deputy Oil Minister Abbas Shari-Moghadam said, Mehr news agency reported Wednesday.
He said these projects - including Marvdasht, Takht-e-Jamshid, Hegmataneh and Karoun petrochemical complexes as well as Phase 2 of Kavian Petrochemical Plant, Pardis Petrochemical Plant Phase 3 and Morvarid Petrochemical Complex - are to be finished by March 2016.
According to estimates, annual petrochemical output will surpass 66 million tons by the end of the year. Iran produced more than 44 million tons of petrochemicals in the past year. In addition, yearly ethane production capacity is to expand by 2 million tons when phases 15-18 of the South Pars gas field in the Persian Gulf are fully launched this year.
Highlighting Kavian Plant as the biggest ethylene production unit in the world, Shari-Moghadam reiterated the launch of the plant's Phase 2 will raise its ethylene output to more than 2 million tons per year.
In addition, Iran aims at exporting $5 billion of petrochemicals to Europe per annum should the trade sanctions be lifted, according to the Association of Petrochemical Industry Corporation (APIC).
The country on average generated $2 billion a year through exporting petrochemical products to the EU states in the pre-sanctions era, yet that could double upon the completion of several incomplete projects.

 

Short URL : http://goo.gl/rEEn7z

You can also read ...

Canada Ships Biggest Oil Consignment to China
A tanker loaded with around 514,000 barrels of oil has set...
Japan to Toe US Line, Stop Iranian Oil Imports
Japanese oil distributors are preparing to stop importing...
Saudis Reap Benefit From US-China Trade War
Saudi Aramco is winning thanks to US President Donald Trump’s...
Oil Prices Set to Drop Over Excess Supply
Crude prices rose on Friday, but were still set for a weekly...
South Pars has 24 standard phases, most of which are fully operational.
The giant South Pars Gas Field in the Persian Gulf is slated...
7 Power Projects Take Off
Energy Minister Reza Ardakanian on Thursday inaugurated seven...
Oman to Finalize Gas Supply Contract by August
Tehran and Muscat are planning to sign a final agreement on...

Trending

Googleplus