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H.Rouhani inaugurates energy projects worth over $2 billion in 3 Iran´s provinces

H.Rouhani inaugurates energy projects worth over $2 billion in 3 Iran´s provinces

Teheran, June 26 - Neftegaz.RU. Iranian President Hasan Rouhani inaugurates 3 energy projects worth $2.14 billion in 3 provinces via video conference on June 25.

Miandoab Petrochemical Plant, with the annual production capacity of 140,000 tons of heavy polyethylene, was one of the inaugurated projects. This project, which was put into operation in the province of West Azarbaijan, plays a significant role in materializing Iran’s 2nd petrochemical leap.

During the inauguration ceremony, of this project, Iranian Oil Minister Bijan Zanganeh said that Iran will achieve a 3-digit figure of petrochemical output for the 1st time in the end of March 2021. Zanganeh said that 17 projects are planned to come on stream this year which will boost the petrochemical production capacity of the country by 25 million tons.

As the managing director of Iran’s NPC has recently stated, all the goals set, based on the country’s 6th Five-year National Development Plan, for the petrochemical sector will be realized by the end of March 20, 2022.

Rouhani also inaugurated a project for the annual production of over 190,000 liters of normal hexane in Imam Khomeini Refinery in the province of Markazi, which is one of the country’s top refineries.

Iran’s annual need for the normal hexane is 30,000 tons, and as the country’s production capacity of the product has reached 50,000 tons, the export of 20,000 tons of normal hexane is now possible, which is a significant step in the year of “Surge in Production”.

In the past few years, Iranian think-tanks and energy experts have been repeatedly stating that the country should increase its refining capacity in order to lessen the economy’s reliance on crude sales. In this regard, one of the main strategies of the NIOC in recent years has been focusing on the country’s refineries.

Goreh-Jusk oil pipeline project was the 3rd project inaugurated on June 25. The pipeline will transfer 1 million barrels of heavy and light crude oils per day to Jask oil terminal in the Hormozgan Province to be exported.

Zanganeh said a total of $300 million has so far been invested in the project while another $800 million to $850 million is needed for its full operation. “We hope that exports from Jusk will begin as the government's most strategic project by the end of this year,” he noted.

To read the article in Russian.

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