Resolving Petchem Feedstock Challenges Need Support of Oil, Gas Firms: CEO

Resolving Petchem Feedstock Challenges Need Support of Oil, Gas Firms: CEO
(Wednesday, November 9, 2022) 14:20

TEHRAN (NIPNA) – The CEO of the National Petrochemical Company announced the interaction and cooperation between National Iranian Oil Company (NIOC) and National Iranian Gas Company (NIGC) in order to solve the challenges of providing feedstock for petrochemical companies.

During a one-day trip to Asaluyeh on Tuesday, southern Iran, Morteza Shahmirzaei held specialized meetings with representatives of holdings and managing directors of petrochemical projects located in Kangan, Deir and Siraf regions, saying: “Considering the favorable infrastructure of petrochemical projects in Asalouyeh region and access to the required feedstock in this region, the timely implementation of these projects can be very effective in completion of the value chain and the development of the petrochemical industry while creating the desired value added.”

Emphasizing the importance of speeding up implementation of PDH projects, which supply propylene needed for value chain projects, he added: “The operators of petrochemical projects should use the experiences and lessons learned from the development of phase one of Asalouyeh and phase one of Mahshahr as the first hubs of Iran's petrochemical industry, in creating infrastructure outside the scope of projects, which is especially important in cooperation with other companies and the surrounding community.”

The Deputy Minister of Petroleum for Petrochemical Affairs stated: “In order to solve the obstacles and challenges of petrochemical projects, in cooperation with NIOC, NIGC and other custodians of the oil and gas industries, we will try to solve the problems and challenges raised in these meetings, especially in the field of providing feedstock and obtaining environmental approvals and issues.”

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