Petrochemicals

20 complexes in Mahshahr produced 1.7 million tons of petrochemicals in the 30-day period.

Algeria spent $2 billion on imports of refined products 2017.

The document was signed on the sidelines of the 23rd International Oil. Gas. Refining and Petrochemical Exhibition in Tehran.

Iran and six major powers signed the nuclear agreement in July 2015 and started implementing it in January 2016.

The companies announced the project in July 2016. and aim to make a final investment decision after all necessary permits are secured.

The new ethylene cracker will increase the ethylene capacity by around 1.2 million metric tons per year.

Iran ranks first in the world'.s gas reserves and fourth in the world'.s oil reserves.

The nominal production capacity of petrochemical plants in Mahshahr amounts to 25.6 million tons.

Chevron Phillips is considering building a second ethane cracker on the Gulf Coast of Texas.

It is estimated that of the total manufactured commodities. 47 million tons worth $24.5 billion will be sold.