TAPPICO Speeding Up Development Projects
TAPPICO Speeding Up Development Projects

TAPPICO Speeding Up Development Projects

TAPPICO Speeding Up Development Projects

Tamin Petroleum and Petrochemical Investment Company is pushing ahead with plans to develop a host of projects in the petroleum industry, TAPPICO’s chairman said on Saturday.
 “One of the major projects of TAPPICO is the development of a section of Siraf Refining Park in Asalouyeh, Bushehr Province, through its subsidiary firm Arya Oil and Gas Development Company,” Seyyed Emad Hosseini was also quoted as saying by ISNA.
TAPPICO owns 42 subsidiary companies and mainly targets petrochemical and refinery projects.
According to Hosseini, his company is mulling over joining other firms to work on a few projects in the refining park, which TAPPICO is in charge of, simultaneously.
The Siraf project will have the capacity to produce about 270,000 barrels a day of naphtha, 140,000 of diesel, 30,000 of liquefied petroleum gas and 40,000 of kerosene.
Iran’s oil refining capacity reportedly stands at around 1.8 million barrels per day.
“Another important project is the development of Ilam Petrochemical Complex, which is expected to become operational in about a year,” he said.
TAPPICO owns a 17% stake in the complex.
Iran produced 50.61 million tons of petrochemicals in the fiscal 2016-17 that ended in March, of which 20.3 million tons, worth $9.5 billion, were exported, government data show.
According to published reports, Iran holds 38% of the petrochemical market in the Middle East, but only produces 4.8% of the world's petrochemicals despite sitting on some of the world's largest crude oil and natural gas reserves.


Short URL : https://goo.gl/K7QNdy
  1. https://goo.gl/yja4HG
  • https://goo.gl/xjaipb
  • https://goo.gl/spMQGv
  • https://goo.gl/mkfvN2
  • https://goo.gl/jRXuDX

You can also read ...

Oil Supply to Russia Likely Next Month
Moscow and Tehran may soon agree upon conditions for the sale...
Petrochemical production exceeded 18 million tons in four months.
Iranian petrochemical exports exceeded 7 million tons in the...
The growth in US solar and wind power output was dramatic.
The expansion of wind and solar energy and the resulting...
Iran is pushing for higher crude output from the joint field with Qatar.
Four crude oil cargoes from South Pars Gas Field’s oil layer...
PGSR’s total gasoline output has exceeded 320 million liters since May.
The Persian Gulf Star Refinery in Hormozgan Province has no...
Shell Lifts 1st Libya Crude Cargo in  5 Years
Royal Dutch Shell has lifted a cargo of 600,000 barrels of...
Crude Market Shows Strength Beyond Seasonal Peak
The market for physical barrels of crude from places as far...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.