TEHRAN Mar 12 (Shana): Managing director of Notational Petrochemical Company (NPC) predicted investments in petrochemicalsector to rise next year.Addressing a meeting on investment opportunities in petrochemical sector, Abbas Shri Moqqadam, said West Ethylene Pipeline which feeds a great number of petrochemical plants across the west of the country has created many opportunities for development as well as completion of chain of value in petrochemical sector.
Moqqadam continued investment in the sector not only will help to halting selling raw materials but will create good opportunities for employment.
With regards to these potentials, NPC will take into account support of private sector and investment in downstream industries seriously, Shri Moqqadam said.
He also noted that higher prices of feedstock which will come into force as of next Iranian calendar year will create a good environment for channeling investments towards downstream activities.
Construction of West Ethylene Pipeline started in 2002 with the goal of developing least developed regions of the country.
The pipeline originates from Assaluyeh, onshore installations of South Pars gas field, in south of the country and ends in West Azerbaijan province.
The pipeline carries the ethylene produced by Kavian petrochemical plant across 11 provinces in west of the country providing 12 petrochemical plants needs to feedstock across the pipeline route in Khuzestan, Fars, Lorestan, Kohgylouyeh va Bowairahmad, Kordestan, Kermanshah, West and East Azerbaijan, Ilam and Hemedan provinces.
By SHANA
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