Iran Petchem Industry Set to Expand

Iran Petchem Industry Set to Expand
(Monday, April 17, 2023) 23:49

TEHRAN (NIPNA) -- Deputy Minister of Petroleum for Petrochemical Affairs, Morteza Shahmirzaei, stated that the production capacity of the petrochemical industry will increase in the year 1402, with the acceleration of petrochemical projects.

This statement was made during the 8th meeting held to review the progress and challenges of petrochemical projects in various regions of Iran.

The meeting was attended by the Deputy Minister of Petroleum and the CEO of the National Petrochemical Company (NPC), where the progress and challenges of petrochemical projects were discussed.

During the meeting, Shahmirzaei emphasized the importance of aligning the goals of shareholders and investors to accelerate the implementation of plans.

He further added that the NPC is ready for any interaction and support in facilitating or eliminating challenges in the construction and completion of petrochemical projects.

The Deputy Minister of Petroleum also stated that some managers and executives promised to launch and put into operation their projects by the end of this calendar year which began on March 21.

These projects include the environmental projects of Bid Boland 2 flare gas collection project and the Kermanshah petrochemical development project, in addition to the ten petrochemical projects that were previously announced.

It is expected that with the implementation of these projects, the production capacity of the petrochemical industry will grow this year.

The meeting focused on the management of the projects of the NPC, in the presence of the CEO of the Iranian Petrochemical Investment Group, the director of projects of Petrol Holding, and the CEOs of petrochemical companies Dehdasht, Zanjan, Tabriz, and Kermanshah.

The implementation of the gas collection project of Bid Boland 2 was also discussed.

In conclusion, the meeting to review the progress and challenges of petrochemical projects in Iran was a success, with promises made to accelerate the implementation of projects. 

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