Iran Inaugurates Petchems Projects To Tap New South Pars Gas

Iran has inaugurated four petchems plants to coincide with ramp up at South Pars. But, longer-term, foreign investment and technology is needed.

Iran’s Oil Minister Bijan Zanganeh has this week inaugurated four petrochemical plants near the port of Assaluyeh, where onshore processing plants for gas from South Pars offshore field are located.

The move coincided with President Hassan Rohani’s inauguration of five phases of the South Pars field development (see p2 ).

The petchems start-ups include an ethane cracker that will deliver ethylene to a number of polyethylene plants via the West Ethylene Pipeline, which runs northwest from Assaluyeh through relatively underdeveloped regions of western Iran.

At the inauguration ceremony Mr Zanganeh said that the petrochemicals industry is one of the most effective ways of tackling poverty in the country. He adds that the four plants starting up in Assaluyeh will “complete the value chain in the region.” (CONTINUED - 748 WORDS)

DATA INSIDE THIS ARTICLE

table Iran’s Post-Sanctions Preliminary Petchems Deals
chart Iran’s Backlog Petchems Projects
table Main Raw Material Needs: