Petrochemicals

Iran’s export of petrochemical products increased 5 percent in the 10 months of the current year (from March 21. 2019 to Jan. 20. 2020).

Saudi Aramco’s planned purchase of the region’s biggest petrochemical company comes as it targets downstream investments in a move away from relying on crude oil sales.

In March 2019. Aramco announced the deal in a key move towards its diversification into refining and petrochemicals.

Economic fortification is the only way to get out of the current conditions in the country.

Iranian manufacturers had successfully localized building of compressors and extruders in the petrochemical industry.

The supreme adviser to presidential deputy for technical and scientific affairs underlined the importance of the petrochemical industry in generation of wealth for the country.

A project has been launched in the north western city of Miandoab to link Tabriz Petrochemical Company (TPC) to West Ethylene Pipeline which will enhance the plant’s output remarkably.

Iran’s petrochemical industry will witness a significant jump by 2021.

Urmia Melamine. Ilam Polypropylene. Melamine Crystal Park and Lordegan Resin Urea parks are planned to be built in Iran in the near future.

It has also proposed to replace Petroleum with Energy in its name.