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Owji: Golestan Petchem Plant online in 3.5 Years

Owji: Golestan Petchem Plant online in 3.5 Years
(Saturday, December 23, 2023) 12:21

TEHRAN (NIPNA) -- Iran's Petroleum Minister, Javad Owji, announced that Golestan Petrochemical Plant is poised to commence operations within the next 3.5 years, following a concerted effort by the Ministry of Petroleum and the National Petrochemical Company (NPC).

During an inspection of the latest phase of the Ammonia and Urea project at Golestan Petrochemical Plant, Javad Owji emphasized the collective endeavor of the Ministry of Petroleum and the NPC.

He remarked that despite the stagnation of Golestan Petrochemical Plant for nearly 18 years due to various unresolved issues, the present administration has ushered in a fresh start for this petrochemical complex.

Expressing gratitude to the honorable representatives of Golestan Province in the Islamic Consultative Assembly, the governor, and the judiciary chief, Owji specifically acknowledged Engineer Shahmirzai, the CEO of the National Petrochemical Company, for his commitment to resolving challenges in the development path of Golestan Petrochemical Plant. Shahmirzai has pledged to initiate downstream industries alongside the completion of the value chain for this petrochemical complex.

Describing Golestan Petrochemical Plant as the largest civil project in the province, Owji highlighted the intended annual production of 1.1 million tons of ammonia and urea, involving an investment of approximately $700 million or 35 trillion Iranian rials.

Owji underscored the advantages of establishing Golestan Petrochemical Plant, citing its favorable infrastructure, proximity to the free trade zone, access to gas feedstock, and adjacency to the railway line for product transportation. He credited the joint efforts of the Ministry of Petroleum and the National Petrochemical Company, along with the investment by Persian Gulf Petrochemical Industries Holding Company, for the projected operational commencement of Golestan Petrochemicals within 3.5 years.

Elaborating on the socioeconomic impact, Owji indicated that over 1500 employment opportunities would arise in the province due to this project. According to outlined plans, a portion of the produced output will serve local demands within the province, while another segment is earmarked for export.

Owji assured the esteemed residents of Golestan Province, stating, "The establishment of this petrochemical facility in the province will lead to significant transformations in both the province and its neighboring regions."

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