Iran has decided to build more petrochemical
plants in new petrochemical
hubs to produce more feedstock from the giant South Pars gas field in south of the country
Moayed Sadr Hossein, head of petrochemical
subcommittee of Industry and Mine Committee of parliament, said lucrative projects have been approved for investment over the past two years in the oil, gas and petrochemical
sectors, the oil ministry website reported.
Treasury's Office of Foreign Assets Control (OFAC) will soon exclude Bandar Imam Petrochemical
Abdolhossein Bayat, the Managing Director of the National Iranian Petrochemical
Company (NIPC) said Monday that 3.
A number of petrochemical
projects are due to come on line this year.
In the 1990s, however, Petrobras sold most of its stakes in petrochemical
companies as part era wave of privatizations to help a cash-strapped government slash spending and to allow the private sector to consolidate the sector to make it more competitive.
By selling its petrochemical
business DSM advances its plan to become a specialty company focusing on biotechnological and chemical products for the life-science industry and on performance materials -- including engineering plastics.
The letters of credit (LCs) for two petrochemical
units each with a value of E350 million to E400 have been opened by Chinese financers," Deputy Head of the National Petrochemical
Company (NPC) Mohammad Hassan Peyvandi told FNA today.
Iran benefits comparative advantage in production of petrochemical
products because of using gas as feedstock so the country is able to reduce the end cost by two thirds in comparison with using liquids as feedstock and that is why Iran will be the winner of competition in petrochemicals
market', the NPC official noted.
Ironically, the government expects state oil giant Petrobras to drive new mergers by buying back into the sector, even though Petrobras created conditions for the original set of mergers that led to Braskem--mergers still facing antitrust review--by selling off some of its own petrochemical