Petchem downstream industry in west of Iran needs investment

Addressing the convention on attracting investors in Iran petrochemical downstream industries held on 19 of Nov. in Kermanshah city in west part of Iran, managing director of National petrochemical Co. (NPC) Abbas Shari Moghaddam pointed out the distinctive potentials of Kermanshah for construction of petrochemical downstream industries, and said: “In Islam Abad Gharb city, we have an upstream petrochemical plant on agenda, which can supply the initial feedstock and raw material for downstream,” reported the ISNA.

Last April, Iran oil ministry had issued an announcement to award the project for gas transformation into propylene (GTP) and gas transformations into olefins (GTO) in the ‘Islam Abad Gharb’ city, to an eligible private sector.

Shari Moghaddam continued: “Qasr-e-Shirin City is in a favorable condition to form petrochemical downstream industries, industries that need less investment and create more jobs. The main feature of Qasr-e-Shirin City is its vicinity to Iraq that facilitates access to the market of that country.”

Referring to the problems of GTP/GTO plant of ‘Islam Abad, he added: “This petrochemical plant had water supply problem and we have asked Kermanshah governor to guarantee water supply, and once this guarantee is granted, the problem of this project will be solved.”

At this convention, Reza Mohtashami Pour, head of the Petrochemical Downstream Industries Office, stated that Iran has not done its best in Iraq market, and explained: “Our rival countries like Turkey supply their petrochemical products to Iraq market, delimiting our market; and this is a weakness for us.”

He asked small petrochemical downstream industries to be created in Qasr-e-Shirin region, depending on the Iraqi market, and continued: “Upon the statement of the minister, the follow-up of this issue started about a year ago and we hope to enter its implementation stage by next (Iranian) year.”