Page 13 - Downstream Monitor - MEA Week 28

DMEA
neWs in brief
DMEA
Plan of Action (JCPOA) implementation which led to inauguration of the joint eld’s phases.
President Rouhani further said that dozens of petrochemical and re ning projects had come on stream since 2013 including the landmark Persian Gulf Star Gas Condensate Re nery.
“today 110mn litres of petrol is being produced inside the country per day which is an unprecedented gure in the history of the country,” he said.
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PetroChemiCaLs
Iran’s petchem output to reach 90 tpy by 2022
First Vice President Eshaq Jahangiri said
Iran’s petrochemical production capacity was expected to reach 90 million tons per year from currently 64 million tpy by 2022.
According to IRNA, the o cial said
on tuesday that the boost would be made possible once 18 new petrochemical projects came online by 2022.
Jahangiri, who was speaking in the southern Fars Province, said that such growth in the petrochemical sector of the country was unprecedented.
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Iran to build new petchem hub in Mahshahr
e CEO of the National Petrochemical Company (NPC) said nal decisions regarding construction of a new petrochemical hub in the southwestern region of Mahshahr would be taken soon.
According to NPC, speaking in Mahshahr on Monday, Behzad Mohammadi said Mahshahr was an oil petrochemical hub and a key player in Iran’s petrochemical industry, adding that maintaining the status quo in the region and developing a new hub were the main goals sought in Mahshahr.
According to Mohammadi, developing downstream projects in the hub was top on NPC’s agenda. he also added that plans were being considered at NPC and nal decisions would be made about feedstock allocation to the future plants in the hub soon.
e o cial further said that an output of
5 to 6 million tons per year of petrochemical items was envisaged in designing the new hub which will be developed in a matter of 5 to 15 years.
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Week 28 17•July•2019
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