NEWS
Petrochemical  

MP: Completion of Andimeshk Petchem Plant Proves US Sanctions’ Ineffectiveness

A member of the Iranian parliament said implementation of the ethylene oxide plant in the southwestern city of Andimeshk would prove the ineffectiveness of the US sanctions on Iran.

Fereydoun Hassanvand, who also presides over the parliament’s energy committee, said on Thursday that the sanctions were an unfair means for bringing Iran’s oil exports to zero which failed.

“Today, initiation of this project is an indication of the failure of US sanctions policies,” said the MP, addressing a ceremony to break the ground for the project.

“Today, we are both exporting our oil and investing in the industry,” the MP said.

 A ceremony was held in the city in the presence of Iranian Minister of Petroleum Bijan Zangeneh and a number of parliament members and local officials to break the grounds for starting the construction project of the plant.

The 300,000-ton/year plant would pave the way for construction of downstream projects.

Over the past 6 years and thanks to completion of several South Pars phases, there is an abundance of ethane and ethylene production capacity in the country which could be consumed by petrochemical plants.

Andimeshk Petrochemical Project will be completed in a matter of 36 months and will be fed by ethylene that is produced at South Pars gas field, the world’s largest natural gas field located in Persian Gulf waters and shared with Qatar.

Ethxylates, glycol ether and ethanol-amine are to be produced at the plant, and the items would be used as feedstock for hygiene items, detergents, and additives in textile, cement, gas sweetening, refining and petrochemical industries.

The facility is to be developed for production of 200,000 tons per year of items in Assaluyeh, southern Iran.

An investment of 388 million dollars is expected to be needed for completion of the project. 

News No: 3950
Date: 2019/03/10 - 15:45
News Source: FARS NEWS AGENCY

Andimeshk Petchem  US Sanctions  ethylene oxide  Fereydoun Hassanvand  oil exports 

Comments:

Leave a Comment:

   
   
   
 

Official: Afghanistan Continues Oil Imports from Iran

A spokesman of the Afghan ministry of oil and gas rejected media reports claiming that the country has stopped crude imports from Iran.
 

US Sanctions on Nord Stream 2 Coming

United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not too distant future”.
 

Diplomat: Royal Mail Service to Iran Re-Established

Iranian Ambassador to London Hamid Baeidinejad announced that Britain’s top posting service company the Royal Mail has restored its operations to the destination of Iran.
 

Iran’s Exports of Petrochemicals Up by 18%

The total amount of Iran’s petrochemical exports in the first Iranian month of Farvardin (March 21 – April 20) increased by 18 percent compared to the same period last year despite the US sanctions, data released by the Customs Office showed.
 

S. Korea's Oil Imports from Iran Rise in April

South Korea’s Iranian oil imports rose 17% in April from a year earlier, customs data showed on Wednesday.
 

South Korean Oil Imports From Iran Jumped 17% in April

South Korea imported 353,000 barrel per day of Iranian crude last month, up 17% on March ahead of the removal of sanction waivers that granted South Korea and another seven countries to legally import certain amounts of Iranian crude despite US sanctions.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners