Farabi Petchem Co. Ready to Enter Storage Tank Industry

(Sunday, May 24, 2020) 20:01

TEHRAN (NIPNA) – Iran’s Farabi Petrochemical Company is now capable of running storage tanks in the country.

According to Tamin Petroleum & Petrochemical Investment Company (TAPPICO), the company’s CEO stressed the potential of Farabi Petrochemical Company to enter the lucrative storage tank business in the country.

Mahmoud Makhdumi on Wednesday at the welcoming ceremony of the CEO of Farabi Petrochemical Company, emphasizing the company's potential to enter the profitable tanker business in the country, saying, "Fortunately, thanks to the efforts of the company's staff and the support of Fanavaran and Amirkabir petrochemical companies as the main shareholders of this company, a very good step has been taken regarding the completion and commissioning of storage tanks of Farabi Petrochemical Company in the last three months.”

He said that the storage business is still one of the most profitable businesses due to global and domestic demand for storage, adding: "It seems that Farabi Petrochemical Company is one of the best positions in Mahshahr Special Economic Zone due to its possession of 10 hectares of land and excellent access to export terminals.”

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