Page 15 - DMEA Week 21 2021

DMEA NEWS IN BRIEF DMEA

attract various investments to the Special During the meeting, held at Opaz, Iran petchem revenues at
Economic Zone at Duqm. “The Turkish the bilateral relations between the two
delegation will explore the potential countries were reviewed and the investment $10b last year
opportunities in Duqm to attract the Turkish environment and opportunities and incentives
companies. Opaz is fully prepared to provide offered by Opaz to investors were presented The CEO of the National Petrochemical
all facilities to these companies, which could as well. Moreover, the delegation was also Company (NPC) said the country generated
easily access the regional and African markets briefed on the most promising sectors that the $10 billion in petrochemical export revenue
through the Port of Duqm. As well, there are Sultanate focuses on, infrastructure projects in the previous calendar year which ended on
lands designated for gas-dependent projects and economic projects that are relied upon March 20.
as the gas pipeline project to Duqm is already during the coming era to attract foreign Addressing a press conference on Monday,
completed and Duqm Refinery Project is capitals. Behzad Mohammadi said the country
on the way to complete too†, stressed the TRADE ARABIA exported 25 million tons of petrochemicals
Deputy Chairman of Opaz. during the year despite the restrictions caused
He also affirmed that Opaz welcomes by the sanctions and the outbreak of the
Turkish investors in various sectors to make PETROCHEMICALS coronavirus.
the most of the resources available in Sezad He said that the growth of annual demand
and any other zones related to Opaz. Foreign technical savvy for petroleum products in the world is less
On the other hand, Asila Salim al-Samsami than 0.9% while the growth of annual demand
pointed out: “In light of the interest in could eliminate main for petrochemical products is close to 5%,
developing trade relations between the arguing: “This is an important sign for the
Sultanate and the Republic of Turkey, different petchem bottlenecks need to develop the petrochemical industry.â€
ways of strengthening trade cooperation The CEO of the National Petrochemical
between the two countries in various spheres The CEO of the National Petrochemical Company noted the 58-year history of
were discussed in the meeting. Likewise, the Company (NPC) said the arrival of foreign the petrochemical industry in Iran, and
delegation expressed high interest to form technical knowhow could sort out major added: “The production capacity of the
real partnerships in the targeted sectors, so bottlenecks in the development of the petrochemical industry has increased from
the delegation will visit a number of bodies country’s petrochemical industry. 65 million tons in [the calendar year of] 1398,
concerned during their stay in the Sultanate. The CEO of the National Petrochemical with the inauguration of 17 projects and an
†Company said technical knowhow is the most increase of 25 million tons, to 90 million tons,
Al-Samsami explained that the Ministry is important bottleneck in implementation of which is a unique record in the history of this
determined to continue achieving its vision petrochemical development plans, and added industry.â€
and mission, reflecting the objectives of Oman the nuclear negotiations indicate that the Mohammadi estimated the average
Vision 2040. This confirms the Ministry’s space for cooperation is opening up and the progress of the remaining 10 projects of the
ongoing endeavour to efficiently market communication process is expanding.†second leap of the petrochemical industry
the national economy’s components. He noted that the petrochemical industry as 84%,and said that these projects will be
“The major objective of the investments needs the participation and entry of large operational by the end of the current Iranian
is to develop Omani exports and stimulate foreign companies in the two areas of calendar year which began on March 21.
attracting investments from free zones in financing and technical knowhow, adding: He further said that currently 40 active
various sectors, thanks to the complementary “We still need to use the world’s projects are under way in the form of the
efforts and cooperation of the Omani technical savvy in some processes.†third leap of the industry and the capacity
Embassy in Turkey and other authorities Mohammadi said: “Our most will reach about 135 million tons by 2025,
concerned,†she said. important issue is the provision of technical adding: “With the realization of the third
According to the Cooperation Programme, knowledge for petrochemical projects which leap projects, Iran’s ranking in production
the Public Authority for Special Economic will render the country 70% needless of of basic products in the Middle East Will be
Zones and Free Zones will allocate a land in imports and the most important bottleneck upgraded from second to the first place.â€
the Medium Industries Zone at Sezad, so that of these projects is technical savvy, which we SHANA
the Turkish Gebze Organized Industrial Zone, hope will happen in the near future.â€
as an investment developer, will promote the SHANA
zone to companies operating in its industrial
zone.

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