Based on the
deal, NIOC has agreed to supply feedstock to Amir Kabir Petrochemical Company
in exchange for construction of an NGL 2,300 unit by the company in the
southwestern province of Khuzestan.
The deal
paves the path for construction of the unit, said Amir Kabir’s Managing
Director Javad Soleimani.
Once
operational, the unit will create a leap in the company’s production and
generate many jobs, he said.
The duration
of the deal is extendable after the 20-year period, he added.
Based on the
agreement, Amir Kabir Petrochemical Plant will have 4 years to construct the
unit.