Iran Inks Petchems Deals With Shell, Sojitz; Tatneft Signs Up For EOR

Shell has been lined up to study Iranian petchems projects, and Japan’s Sojitz a propylene plant. The deals coincide with an EOR MoU with Russia’s Tatneft.

Iran’s National Petrochemical Company (NPC) has signed preliminary agreements with Anglo-Dutch firm Shell and Japan’s Sojitz for petrochemicals projects studies. This brings to six the number of deals the state firm has secured since the lifting of international sanctions in January (see table).

NPC and Shell signed a letter of intent (LoI) to study a variety of potential petchem prospects. Shell’s Iran vice-president Hans Nijkamp says the projects that Shell would consider developing in Iran include an ethane cracker and a gas-to-liquids (GTL) plant.

“The LoI gives us a framework for detailed discussions with NPC,” Mr Nijkamp says. “We need to study the areas where we can work together before we can then consider commercial and technical options for a joint venture.” (CONTINUED - 614 WORDS)

DATA INSIDE THIS ARTICLE

table Iran’s Post-Sanctions Preliminary Petchems Deals