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NPC Plans to Boost Petrochemicals Production

Source: www.gulfoilandgas.com 4/16/2012, Location: Asia

Production and exports of petrochemical products will go up during the current Iranian calendar year which has been dubbed the Year Of National Production, Supporting Iranian Labor and Capital by the Supreme Leader of the Islamic Revolution.

Making the above remarks, the National Petrochemical Company (NPC) managing director, Abdolhosain Bayat said the company endeavors to realize its planned targets for this year including boosting production.

Citing to the Supreme Leader of the Islamic Revolution’s remarks on boosting growth and development in oil industry, the official noted that completion of developmental plans and unfinished projects, focusing on boosting production along the development of downstream industries are among the main objectives of the sector in current year.

Abdolhosain Bayat also said last week that during the fifth five year plan 50 billion dollars would be invested in petrochemical industry, half of them in Boushehr province south of Iran.

Addressing inauguration ceremonies of a petrochemical project (butane-1), Bayat said this year more jobs would be created in the sector.

Referring to existence of extensive potentials in petrochemical industry, the official said the industry enjoys value-added advantages so that investment in the sector would be beneficial.

‘Last year the value of petrochemical exports stood at 14 billion dollars while the weight of it reached 43 million tons out of which 18 million tons were exported’, Bayat noted.

‘Regarding widespread investment potentials in petrochemical sector, National Petrochemical Company (NPC) is ready to support those interested to invest in the sector’ NPC’s managing director concluded.

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Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 


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