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Iran Declares Readiness for Implementing 5 Petchem Processes Nationwide

Iran Declares Readiness for Implementing 5 Petchem Processes Nationwide
(Monday, September 4, 2023) 17:44

TEHRAN (NIPNA) -- The Director of Projects at the National Petrochemical Company announced Iran's preparedness to execute five petrochemical processes across the country, alongside plans to secure $8 billion worth of petrochemical equipment domestically.

Ahmad Shokri, Director of Projects at the National Petrochemical Company, referred to negotiations conducted with neighboring and like-minded countries, highlighting Iran's commitment to expanding international relations during the thirteenth government's tenure.

He stated, "We have declared our readiness to implement up to one hundred petrochemical processes, from technical knowledge to commissioning, in petrochemical projects nationwide."

Shokri emphasized that the majority of the National Petrochemical Company's project management activities focus on addressing issues and challenges in petrochemical projects, with the aim of expediting their completion.

He noted that approximately one hundred petrochemical projects have been defined within the framework of the Seventh and Eighth Development Plans.

He added, "Based on the current planning, the annual capacity of the petrochemical industry will reach 200 million tons by the end of the 8th Development Plan. Achieving this capacity requires $90 billion in capital, with $36 billion allocated in the 7th Development Plan, of which 30% has already been spent."

The Director of Projects at the National Petrochemical Company further revealed that out of the one hundred petrochemical projects, fifty-eight are currently active, with an average progress rate of approximately 31%. These projects will encompass the entire value chain, from basic products to final products.

Shokri stressed the National Petrochemical Company's commitment to completing the value chain and ensuring balanced development in the petrochemical industry.

He stated, "To enhance the progress of these projects, we need the support of relevant government agencies, banks, and the National Development Fund for financial resources."

Regarding the creation and provision of necessary infrastructure for petrochemical projects aimed at exports, sales, and storage of products, Shokri said, "Concurrently with increasing the capacity of the petrochemical industry, the development of export ports is also underway."

He noted that the export wharf capacity in Asaluyeh will more than double, increasing from 20 million tons annually to 42 million tons, with the utilization of Sabalan and Pars Kian Khavarmianeh units. Shokri added, "With the expansion of green storage tanks in Asaluyeh, the capacity for methanol storage for export has also increased."

Shokri highlighted the National Petrochemical Company's focus on procuring goods and equipment domestically and stated, "Approximately $10 billion has been spent in the past two years on procuring equipment and goods for petrochemical projects. Over 80% of these goods, totaling around $8 billion, have been sourced from domestic companies, some of which are involved in first-time manufacturing, eliminating the need for foreign imports."

The Director of Projects at the National Petrochemical Company pointed out that approximately 15 items of equipment and materials in the petrochemical industry have been localized by knowledge-based companies during the thirteenth government. He added, "Currently, at least 40% and a maximum of 90% of petrochemical projects utilize domestically produced equipment and materials. The capability of domestic companies in manufacturing equipment and essential goods is highly commendable."

Shokri concluded by mentioning the review of petrochemical projects under the thirteenth government and stated, "In the revision of petrochemical projects, around 13 project permits for various reasons, including financial issues on the part of investors, technical knowledge acquisition, and unforeseen challenges, have been revoked. Currently, preliminary approval for 30% of petrochemical projects is under review."

He noted that project permits are issued in accordance with the current development industry model for applicants who can provide the necessary feedstock and capital and adhere to the development model's procedures.

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