Bid & Tender
Iran: 3 Petrochemical Projects to be Operational in Less Than 1 Month

Date : Aug 19, 2016

According to the report, Kavian, Kordestan and MEG petrochemical facilities are to become operational based on the schedule of the National Petrochemical Company (NPC) in less than one month.


More than 60 petrochemical projects are now implemented in various parts of the country, including Petrochemical Special Economic Zone, Bandar Mahshahr Special Economic Energy Zone and other regions.


Meanwhile, Minister of Petroleum Bijan Zanganeh has called this year as an exceptional year for Iranian petrochemical industry.


Zanganeh said 5.4 billion dollar investment is needed for operation of the projects this year, which will increase annual production of petrochemical products up to more than five billion dollars.


Such petrochemical facilities as Lorestan, Mahshahr Takht-e-Jamshid, Mahabad, Sulfuric Acid Petrochemical complex, and Marvdasht have been operational. Kavian II, Morvardi, Karun Phase II, Kordestan Polyethyelen, Pardis Phase III, Urea and ammonia of Assalouyeh, Polystyrene Entekhab and Methanol Dayer will be on stream by end of this year.