Petrochemicals

A senior official in Iran’s petrochemical industry announced that the country will float 2 more Pet-Chem companies in the stock market as it seeks to finance expansion projects in downstream.in a bid to soft-pedal the impact of the US unilateral sanction.

Jam Petrochemical Complex. one of the largest producers of olefins in the world. has boosted output by 15 percent. according to the company.

The US has been discouraged at its old plans for invoking global sanctions on gasoline exports to Iran.

The National Petrochemical Company (NPC) of Iran will launch three new petrochemical projects by the end of the current fiscal year (March 2020). a senior official said.

The CEO of the Petrochemical Special Economic Zone Organization (PETZONE) said that appraisal studies were being carried out for construction of 12 downstream petrochemical projects in the PETZONE.

Head of Iran’s National Petrochemical Company Behzad Mohammadi announced that his country will increase its propylene output by three times after the opening of 7 new projects.

Iranian ships export petrochemical products to Brazil and return with the South American country’s agricultural products onboard. an Iranian official said.

Attracting investments to the energy sector which would benefit both the producers and consumers. and the Kingdom’s leading role in maintaining market balance.

The two sides could reach an agreement on the value of a possible deal around June.

Iran is currently producing nearly 56 million tons of petrochemicals each year.