Iran to form 1st Petchem Shipping Company

Iran to form 1st Petchem Shipping Company
(Friday, November 17, 2017) 22:40

TEHRAN (NIPNA) -- Iran is likely for form up a petrochemical shipping company in the near future as the country’s petrochemical holdings have closed ranks to buy 150 petrochemical-carrying vessels.

Managing Director of Petrochemical Commercial Company (PCC) Mehdi Sharifi Niknafs said the company will be aimed at facilitating petrochemical exports of the country.

“We need to buy 150 petrochemical carriers in order to facilitate petrochemical exports of the country,” he added, saying Iran’s petrochemical exporters spent nearly $1.5b for exporting their items last year.

Regarding that fact that Iran exports 30 to 35 million tons of petrochemicals, liquefied petroleum gas and gas condensate annually, formation of such a company would be a necessity in the sector, Niknafs argued.

Iran has over 50 petrochemical projects under construction which will dramatically increase the country’s exports once operational. 

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