Petrochemicals

Former Managing Director of the National Petrochemical Company (NPC) Abbas Shae'.ri Moqaddam downplayed the impacts of the US petrochemical sanctions against Iran. saying that finding the origin of such products is not easy.

The administration of US President Donald Trump has announced new sanctions on Iran. targeting the country’s petrochemical industry. including its largest petrochemical holding group. called Persian Gulf Petrochemical Industries Company (PGPIC).

Pardis Urea and Ammonia Plant has registered a new production and export record in the calendar year of 1397 which ended on March 20.

Rosneft has abandoned its plans to invest in the Eastern Petrochemical Complex (EPC) in the Far East.

Iran’s methanol production capacity stands at over five million tons per year.

Iran’s total petrochemical output stands at 55 million tons per annum of which a portion is consumed domestically and the rest exported.

West Karoon sits on over 70 billion barrels of oil reserves.

The petrochemical industry has played a key role in domestic economic growth.

The gas transmission capacity of the project can be increased to 24 billion cubic meters first and to 31 cubic meters with additional investments later.

Aramco is expanding its refining and petrochemical business globally.