The CEO of the National Petrochemical Company (NPC) said Iran’s petrochemical production capacity would cross 100 million tons per year once the sector completed its under-construction projects by 2025.
The Iranian Foreign Minister Mohammad Javad Zarif said Tehran would welcome investments by Indians in Iran’s oil, gas and petrochemical projects.
Kaveh Petrochemicals Plant and the first phase of Bushehr petrochemicals facility are scheduled to come on-stream by the end of the current Iranian calendar year to March 20.
Operator of Phase 13 of the supergiant South Pars gas field said the onshore Refinery of the phase would become fully operational by late February.
The HSE Head of South Pars Phase 13 Project said all the industrial Wastewater Treatment facility of the phase’s refinery had become operational.
South Korea resumed imports of Iranian Oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year.
Iran is now a gasoline exporter but the country is not exporting any volumes for the moment, preferring to build up its stocks first, Minister of Petroleum Bijan Zangeneh says.
Japanese refiners are seeking clarity on whether there will be an extension to the 180-day sanctions waiver from Washington in March, as they hope to continue buying Iranian Oil without any disruption, Petroleum Association of Japan's president Takashi Tsukioka said.
An official with the Iranian Ministry of Petroleum said the country was not only self-sufficient in Petrol production, but had excess production capacity, which could be earmarked for exports.
