Posts Tagged “Petrochemical”

Iran’s petrochemical exports up by 12%

Iran’s petrochemical exports up by 12%

An NPC official said that Iran’s petrochemical industry experienced a six percent uplift in production over five months and a 12- percent rise in exports over four months since beginning of the current Iranian year (began March 21). Director of Production Control in Iran’s National Petrochemical Company (NPC) Alimohammad Bosaghzadeh pointed to five-month statistics for…

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Iran’s NPC inks MoUs with four intl. firms

Iran’s NPC inks MoUs with four intl. firms

NPC Head Marzieh Shah-Daei said Memoranda of Understanding (MoUs) have been signed with four international companies following implementation of the Joint Comprehensive Plan of Action (JCPOA). Director of National Petrochemical Company (NPC) made the remarks on the sidelines of the 13th International Iran Petrochemical Forum (IPF 2017) on Saturday morning in Tehran. “The Iranian petchem…

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Iran Petchem Industry in Need of $55b Investment

Iran Petchem Industry in Need of $55b Investment

Iran says it will need at least 55 billion dollars in investment in its petrochemical sector to bring its annual output to 150 million tons from the current 60 mt/y production capacity within the next 10 years. Managing Director of the National Petrochemical Company (NPC) Marziyeh Shahdaei has said Iran will need $20b in fresh…

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Germany’s Hermes insurance backs to Iran

Germany’s Hermes insurance backs to Iran

An official has reported on an agreement with Germany‘s Hermes Insurance Company to provide insurance coverage for investment projects in Iranian petrochemical industries. Speaking at a press conference, Director for Investment of National Petrochemical Company (NPC) Hossein Alimorad described the most major plans for attraction of investment to the country’s petrochemical industry saying “a contract…

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Report: Facilitating investment in Iran petrochemical ind.

Report: Facilitating investment in Iran petrochemical ind.

Iran’s petrochemical industry was privatized more than a decade ago. Today, the government is only paving the ground for the development of petrochemical sector. During years of international sanctions on Iran, the government was of great help to the private sector in its transactions. The signature of a historic nuclear deal between Iran and six…

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Italy invests in Iranian petchem industry

Italy invests in Iranian petchem industry

Deputy Head of the Commercial Development Section of the Italian Embassy in Tehran, Tony Giardini, said that Italians are ready to invest in Iran’s petrochemical industry. He said since the implementation of the Iran nuclear deal in January, tens of Italian economic activists have visited Iran to explore investment opportunities in the country, IRNA reported….

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Iran’s petrochemical exports to Europe doubled

Iran’s petrochemical exports to Europe doubled

An NPC official said Iran’s petrochemical exports to Europe experienced a twofold increase in the first seven months of the current Iranian year as compared with the same period last year. Director of Production Control in Iran’s National Petrochemical Company (NPC) Alimohammad Bosaghzadeh expressed satisfaction towards production volume of Iranian petrochemicals in the first seven…

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Iran’s set petrochemical capacity target to 180 million tons

Iran’s set petrochemical capacity target to 180 million tons

Iran is set to increase its total petrochemical capacity from 59 million tons to 180 million tons within the next 10 years, said an executive from US consultancy firm Frost and Sullivan on Thursday on the sidelines of the Fourth CMRI Petrochemical Conference in Seoul. The increased petrochemical volumes will include a wide variety of…

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Royal Dutch Shell has signed a MoU with the National Petrochemical Company of Iran

Royal Dutch Shell has signed a MoU with the National Petrochemical Company of Iran

Global energy giant Royal Dutch energy giant Shell has signed a memorandum of understanding (MoU) with the National Petrochemical Company of Iran (NPC) for cooperation in the petrochemical industry. The MoU was signed by NPC CEO Marziyeh Shahdaei and Hans Nijkamp, the head of the department for Iran affairs at Royal Dutch Shell. Nijkamp was…

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IRAN produce polypropylene

IRAN produce polypropylene

Deputy oil minister announced that Iran has achieved the technical knowledge to produce polypropylene as a strategic petrochemical product. Director of the National Petrochemical Company (NPC) Marzieh Shah-Daei pointed to opening and official operation of the first semi industrial polypropylene manufacturing unit in the country’s petrochemical industry saying “the new unit aims to produce an…

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