Iran Annual Petrochemical Production Capacity to Grow 100mn Tons

Date: 15 January 2022 - 21:42

News ID: ۹۸۹۰۹

TEHRAN - The head of Iran’s National Petrochemical Company (NPC) Morteza Shahmirzaei says the country’s petrochemical production capacity will rise to 100 million tons annually by the end of next Iranian calendar year (March 20, 2023).
Making the prediction in a meeting with the heads of petrochemical companies in Assaluyeh, southern Iran, Shahmirzaei added the country will have a bright future as it is moving toward development.
He said 68 petrochemical complexes having an annual nominal capacity of around 90 million tons are currently working in the country, reiterating that due to the outlined plans the production is expected to touch 100 million tons by late March 2023.
The deputy oil minister pledged full support for the petrochemical companies of the Pars Special Economic Energy Zone (PSEEZ), saying the NPC will help facilitate operations and remove obstacles to production.
He assured that some problems would be resolved in the shortest possible time through cooperation between the National Petrochemical Company and Pars Special Economic Energy Zone.

Oil Minister Hails Iran-Russia Energy Cooperation

Iran’s Petroleum Minister Javad Owji has predicted that there will be good news related to cooperation with Russia in the energy sector as the Islamic Republic pursues a policy of neutralizing illegal U.S. sanctions through enhancing ties with friendly countries.
“In the energy sector, we are holding negotiations with the Russian side, and we will announce their results whenever the talks are concluded. I think there will be good news in the energy cooperation between Iran and Russia,” he told reporters on Saturday.
Asked about the 25-year comprehensive strategic partnership agreement between Iran and China, Owji said that under the bilateral deal, accords must be signed in different fields, among them the oil and gas sector, and that their news will be transmitted accordingly.
Last week, “good agreements” were inked on the export of technical and engineering services as well as petroleum products and crude oil to Turkmenistan, the minister said, expressing hope that those pacts will be implemented soon.
Regarding the expiry of a contract for Iranian gas export to Turkey in 2026, Owji said a delegation from BOTAŞ Petroleum Pipeline Corporation, the state-owned crude oil and natural gas pipelines and trading company in Turkey, will hold talks with a delegation from the National Iranian Gas Company this week.
He also noted that discussions are underway about the export of gas to Oman and provide supplies required by the country’s Liquefied Natural Gas (LNG) unit.
In the meantime, Owji said Tehran and Muscat are also holding talks on exporting gas, in particular liquefied natural gas (LNG), to Oman.