US companies seek to enter Iranian petrochemical sector
The deputy to the Iranian petroleum minister says American companies are in line to participate in Iran’s petrochemical industry.
Managing Director of the National Petrochemical Company (NPC) Marzieh Shah-Daei said Monday that in addition to European firms, US companies await to invest in the sector, IRNA reported.
“Up until now, we’ve had very good negotiations with European companies…On top of attracting investment, our goal is the transfer of latest technologies” to Iran’s petrochemical production plants, said the NPC chief.
“In addition to the Europeans, reputable American companies are in line for participation in the industry,” the official news agency quoted Shah-Daei as saying without specifying the companies.
The report said the official announcement was the first of its kind about US firms seeking involvement in the country’s petrochemical sector.
The Iranian petroleum minister said last month that the country’s petrochemicals exports have soared over the past years resting now at over 20 billion dollars.
About the National Petrochemical Company (NPC):
| The appearance stage |
| Fertilizer unit in operation in 1963
The foundation of NPC in 1963
|
| The first development stage |
| Industry development in accordance with three development projects in duration of the period lasted from 1963 to 1986 Supplying fertilizers , petrochemical and chemical bases for domestic consumption The foundation of several petrochemical complexes such as : Bandar e Emam (Iran – Japan) , Farabi (Iran Nipon) , aaaKharg , Pazargad , Carbon Ahvaz (Iran) , Razi (Shahpour) , and Shiraz development projects |
| Recession stage |
| Reaching to a minimum production level during the war till the middle of 1988 Accomplishment of Shiraz Petrochemical development plan The stoppage of construction of Bandar e Emam complex |
| The restoration and renovation stage |
| Reconstruction of damaged complexes due to the war during the period of the first development plan from 1989 to 1994
Putting into Operation of some of main projects including Esfahan and Arak petrochemical companies , as well as completion of Bandare Emam complex Development of export , privatization and profitability considered in the 2nd five-year-plan in the period lasted from 1995 to1999 اIncrease in yearly production from 2.4 to 11million ton through the putting in to operation of the remaining projects left from the 1st five-year-plan |
| Mutation and stabilization stage |
| The beginning of globalization of the industry on the bases of the experiences gained from the first and 2nd five-year-plan to be used in the third five-year-plan
The export development , as well as industry improvement in non-oil-export Increase in privatization and R&D Productivity in current capacities , as well as establishment of new production capacities |
| Up to this part of the third plan , in addition to the putting into operation of MTBE and Parazyline , engineering polymers and the first phases of 6th olefin and 3rd Aromatic , the other projects are also in the last stage of installation and ready to be in the production lines . Meanwhile the long-term plan is crafted with the aim of the execution of the 4th and 5th plans in order to reach the 20 billion dollar revenue . Therefore National Petrochemical Company have tried its best to achieve a higher position in region and global market through applying its competencies . Improvement of indices and economic factors such as production level , export , investment , value added , GDP contribution , regional contribution , and target market extension , resulted from effective participation in global market , are considered in the three five-year-plans , particularly in the 3rd plan , providing the essentials of the future development plans . |
