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Iranian Oil Minister Bijan Zangeneh underlined that the country’s petrochemical industry is among the most powerful ones in terms of technology, equipment and production rate.
“We are one of the top petrochemical countries in region in terms of technology and the ability to build much-needed equipment, as well as the downstream production,” Zanganeh said.
The oil minister said more than 80 percent of the non-rotating equipment of the oil industry is made domestically, noting that only some items need some more work for idigenizing.
Zanganeh also underlined the increase of the country’s gas reserves, saying, “The country’s extractable gas reserves have increased from about 9 trillion cubic meters (before the Revolution) to more than 33 trillion cubic meters, and today Iran has achieved huge production capacity in the field of petrochemicals.”
The Oil Minister pointed out that with the construction of the Persian Gulf Bidboland Gas Refinery, in addition to the separation of bicarbonate and higher hydrocarbons as petrochemical feedstock, part of the No-Flaring project will be implemented, which will be completed by 2022, adding, “NGL 3200 in West Karoun, NGL 3100 Plant in Dehloran, Khark gas collection facility and Bidboland Persian Gulf refinery are among the projects that are being carried out in this field.”
Zanganeh also said that by operating the Persian Gulf Bidboland refinery, Gachsaran petrochemical plant’s feedstock and Dena ethylene line will be supplied. In the downstream of this refinery, a PDH unit with a capacity of 400,000 tons and a small gasoline unit will be built.
“In total, with the implementation of this refinery and the project of collecting flare gases in the oil-rich southern regions, more than 4.5 billion dollars will be invested in this field of which 3.4 billion dollars have already been commissioned,” he added.
In relevant remarks last week, Iran’s First Vice-President Es’haq Jahangiri said the country’s oil, gas, and petrochemical industries have nullified the US sanctions, noting that the oil ministry has managed to implement huge projects.
“Iran’s oil, gas and petrochemical industries have thwarted the American sanctions,” Jahangiri said on the sidelines of the 25th International Oil, Gas, Refining and Petrochemical Exhibition (January 22-25), adding, “Making compressors and turbines is an honor for us as no one thought that a country can carry out such huge projects under the harshest sanctions.”
He said that Iran possesses one of the largest oil and gas reserves in the world.
