NPC Seeking Investors for 25 Projects
NPC Seeking Investors for 25 Projects
  1. Energy

NPC Seeking Investors for 25 Projects

  1. Energy

NPC Seeking Investors for 25 Projects

Iran is seeking investment to build 25 petrochemical projects, an official at the state-run National Petrochemical Company was quoted on Saturday as saying.
The NPC is proposing joint or individual investor participation for the projects, Farnaz Alavi, NPC's director for planning and development said, the Oil Ministry's news website Shana reported.
Providing feedstock for five more projects were also being studied Alavi said without giving details.
In July, Alavi told Shana that $32 billion in foreign investment was needed to build 28 petrochemical projects. The projects include factories to produce ammonia and urea, as well as gas-to-olefins (GTO) and gas-to-propylene (GTP) plants.
In July 2015, Iran agreed to limit its nuclear program in exchange for relief from economic sanctions.
Officials say the fast emerging petrochemical industry needs $72 billion in foreign investment for 80 projects. Annual petrochemical production capacity is around 65 million tons a year, but plans call for boosting the capacity to 130 million tons per annum by 2020 before reaching 180 million tons by 2025.
Iran also said last week that 29 companies from more than a dozen countries could bid for upstream oil and gas projects using the new and less restrictive Iran Petroleum Contract (IPC) model.

Short URL : https://goo.gl/HyCyDa
  1. https://goo.gl/WMrxkw
  • https://goo.gl/NKzUXK
  • https://goo.gl/Qn4qRu
  • https://goo.gl/EGmepP
  • https://goo.gl/cHaehb

You can also read ...

Supermajors Dig Out of Doldrums as Cash Poised to Surge
Big Oil’s struggle against crude’s collapse is starting to ease...
Oil Price Slips
Oil prices weakened further on Wednesday as data showed a rise...
Russia Promoting LNG as Fuel for Oil Tankers
When Russia’s biggest tanker operator launches four new vessels...
AEOI Team in Moscow for Nuclear Energy Talks
An Iranian delegation is in Moscow to explore prospects for...
Initial Agreement to Upgrade Khuzestan Water Infrastructure
A memorandum of understanding has been signed by the Energy...
China Leading Global Wind Energy Market
Over 54 gigawatts (GW) of wind power were installed in 2016 and...
Iran has traditionally sought a quota system to limit the group’s production and shore up prices.
A deal by members of the Organization of Petroleum Exporting...
S. Arabia Interested in OPEC, Non-OPEC Dialogue
Saudi Arabia is interested in the continuation of the dialogue...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.