Petrochemicals

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.

The R&.D center will focus on the development of petrochemical products. materials. and energy efficiency.

The investments could help Saudi Arabia regain its place as the top oil exporter to China.

Both the sides agreed to establish a JWG aiming to exchange information.

The Dimethyl Carbonate Ammonium Hydroxide is used as a solvent in adhesives and paints industry.