Petrochemicals

European firms as well as Asian enterprises have already expressed their willingness to play an active role in developing Iran'.s lucrative petrochemical market.

South Pars is part of the world'.s largest gas field which is shared with neighboring Qatar.

The SOCAR is Azerbaijan’s largest oil and gas company and AzMeCo’s activity is focused on petrochemical projects development.

The South Pars 11 project will have a production capacity of 1.8 billion cubic feet per day. or 370.000 barrels of oil equivalent per day.

The problem associated with China'.s payment for its petrochemical imports from Iran has now reached a point that requires negotiations between senior officials from both sides.

Azerkimya produced 103.410 tons of ethylene in 2016. as compared to 106.700 tons in 2015.

In August. production at the plant will be stopped for complete overhaul.

Iran produced 50.61 million tons of petrochemicals in fiscal year 2016-17 that ended in March.

Petroplan already has a long-standing working relationship with Sasol through the provision of both contract and permanent oil and gas professionals in the UK and South Africa.

Pertamina has signed a joint venture agreement with Aramco for the Cilacap refinery upgrade with a total investment value of around US$5.8 billion.