Official criticizes petrochemical privatization

A view of a petrochemical complex in Assaluyeh on Iran’s Persian Gulf coast.

Tehran, Dec 14, IRNA — A senior National Petrochemical Company (NPC) official says implementation of privatization policies in Iran has caused problems even though the policies were intrinsically acceptable.
  Mohammad Hassan Peyvandi, deputy chief of NPC said the industry in Iran is in need of comprehensive and precise planning for fulfillment of its development projects, adding that the private sector, especially the Persian Gulf Holding as the chief administrator of Iran’s petrochemical industry can play an important part in this regard.

He said a powerful private sector can accelerate the growth of the petrochemical industry.

‘Iran’s petrochemical industry is on the path to growth,’ added Peyvandi, addressing a seminar on project management in Tehran on Tuesday.

He said smart project management can directly influence the progress of projects, shana.ir reported.

The NPC official further called on enhancement of cooperation between all the companies involved with petrochemical projects in the country, adding that all the projects can be completed before their deadlines should the involved sectors cooperate accordingly and operate hand in hand.

Iran Petrochemical Commercial Company (IPCC) exported 838 million dollars’ worth of petrochemicals during the first four months of the current calendar year which started on March 21.

The exported products, weighing 831,000 tons, mainly included propane and butane.

Iran produced 40 million tons of petrochemicals in the last calendar year, with 9 billion dollars’ worth of its products being exported.

The country plans to increase its petrochemical exports to 12 billion dollars this year.

8-Month petrochemical output at 30mt

In related news, petrochemical companies in Iran produced more than 30 million tons of petrochemical products during the first eight months of the current calendar year (started March 21).

Ali-Mohammad Bosaqzadeh, production control manager of the National Petrochemical Company, said the company has so far reached 71% of its production capacity.

He said should the National Iranian Gas Company (NIGC) supply enough feedstock, petrochemical production will exceed 42 million tons up to March next year, shana.ir reported.

Iran produced 40 million tons of petrochemicals in the last calendar year (ended March 20), with $9 billion worth of its products being exported.

The country, which is a major oil exporter, plans to increase its petrochemical exports to $12 billion this year.

Iran has significantly expanded the range and volume of its petrochemical production over the past few years.

By IRNA

 

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