Iran Eyes $90bn/yr Income From Petrochemical Industry: Official
2014-06-07 16:22:47.735 GMT
By Golnar Motevalli
June 7 (Bloomberg) -- Iran has potential petrochemical
production capacity of 180 mln tonnes (193 mln U.S. tons) per
year that could generate income of at least $90bn, Deputy Oil
Minister and President of Iran’s National Petrochemical Company,
Abbas Sha’ri, says in interview.
* Iran currently exporting between $9bn and $10bn of
petrochemicals/yr, even though production at $20bn, Sha’ri
says after petrochemical industry conference in Tehran
* Iran’s existing petrochemical production capacity is 60mln
tons/yr, only 20mln tonnes of that remains idle: Sha’ri
* Priorities are to complete plans for petrochemical industry
and make it more attractive to private investors and to
improve feedstock production from natural gas
* Oil ministry in talks with Denmark’s Haldor Topsoe,
Germany’s Linde Group AG and France’s Axens about deals in
petrochemicals sector in anticipation of sanctions being
lifted: Sha’ri
* NOTE: Haldor Topsoe, Linde Group, Axens attending June 7-8
International Petrochemical Forum in Tehran.
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To contact the reporter on this story:
Golnar Motevalli in Tehran at +971-4-3641020 or
gmotevalli@bloomberg.net
To contact the editors responsible for this story:
Samuel Potter at +971-4-3641050 or
spotter33@bloomberg.net
Alan Crawford, James Amott
2014-06-07 16:22:47.735 GMT
By Golnar Motevalli
June 7 (Bloomberg) -- Iran has potential petrochemical
production capacity of 180 mln tonnes (193 mln U.S. tons) per
year that could generate income of at least $90bn, Deputy Oil
Minister and President of Iran’s National Petrochemical Company,
Abbas Sha’ri, says in interview.
* Iran currently exporting between $9bn and $10bn of
petrochemicals/yr, even though production at $20bn, Sha’ri
says after petrochemical industry conference in Tehran
* Iran’s existing petrochemical production capacity is 60mln
tons/yr, only 20mln tonnes of that remains idle: Sha’ri
* Priorities are to complete plans for petrochemical industry
and make it more attractive to private investors and to
improve feedstock production from natural gas
* Oil ministry in talks with Denmark’s Haldor Topsoe,
Germany’s Linde Group AG and France’s Axens about deals in
petrochemicals sector in anticipation of sanctions being
lifted: Sha’ri
* NOTE: Haldor Topsoe, Linde Group, Axens attending June 7-8
International Petrochemical Forum in Tehran.
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Golnar Motevalli in Tehran at +971-4-3641020 or
gmotevalli@bloomberg.net
To contact the editors responsible for this story:
Samuel Potter at +971-4-3641050 or
spotter33@bloomberg.net
Alan Crawford, James Amott