New petrochemical plant to End ...

Iran’s Hegmataneh petrochemical complex, to be inaugurated by this coming fall, will obviate the country’s need for the import of medical grade PVC powder and granule.

Chinese financiers open €2 billion ...

Chinese financiers have opened a two billion euro line of credit for Iran's petrochemical projects. Iran's Deputy Oil Minister Abbas She'ri-Moghadam said that the Central Bank of Iran needs to approve the financiers' certain guarantees, Iran's SHANA News Agency reported on August 20.

Saudi Arabia's petrochemicals sector ...

Saudi Arabia's petrochemicals sector facing greater competition Rising competition and the threat of higher costs at home could see Saudi Arabia’s petrochemicals industry come under increased pressure. However, these impending challenges have so far failed to slow the progress of new projects being rolled out across the Kingdom.

Iran to launch four petchem plants ...

An Iranian deputy oil minister says the Islamic Republic plans to launch four petrochemical plants in the current Iranian calendar year (began March 21). Iran’s Deputy Oil Minister for Petrochemical Affairs Abbas She’ri Moghaddam said that the completion and construction of development projects are among the main priorities of Iran’s National Petrochemical Company (NPC), and therefore four petrochemical plants will come on stream this year.

Iran petchem output

Iran is expected to turn out 51 million tons of petrochemical products by March 2015, up around 25 percent year on year, a petrochemical official says. “Given [our] plans, [Iran’s] petrochemical production is projected to exceed 51 million tons this [Iranian calendar] year (ending March),” Hossein Shariyari, deputy head of the National Petrochemical Company for planning and development, said on Tuesday.