67926
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 ...

The South American nation earns 96% of its revenue through oil sales.
Venezuelan oil production crashed to a new 30-year low of 1.5...
45% of Spain Electricity From Renewable Sources
Spain’s transition to a low-carbon economy is making strong...
Norway Oil Strike Set to Escalate
Norway’s ship-owners and two oil unions said on Saturday they...
S. Korea Imports 167K bpd of Iranian Oil in June
South Korea’s imports of Iranian oil fell 40.3% in June from...
TPPHC Elaborates on Operations to Improve Power Plant Efficiency
To save natural resources in power stations and fight the...
Domestic Firms Undertake Rigless Well Operations
Two Iranian oil and gas companies have jointly conducted high-...
3,600 Villages to Join National Gas Grid
The natural gas grid will cover 3,600 villages across the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus