22 November 2021 - 16:27
  • News Code: 449227
Financing of Dehloran Petchem Project should Accelerate: Official

TEHRAN (Shana) -- The Chairman of the Board of Directors of the Oil Industry Pension Funds said financing of Dehloran Petrochemical Project should be accelerated so that this project could be put into operation in a reasonable time.

According to the Oil Industry Pension Fund, Abdolhossein Bayat told a meeting with the executives of the project: “Dehloran Petrochemical Project and NGL3100 ethane extraction plant should be put into operation within a reasonable time, because in terms of product and feedstock, these two projects are interdependent.”

He stated that the report of the project shows that Dehloran Project is behind the development plan compared to NGL3100, noting: “The obstacles to financing this project should be removed so that we can witness its acceleration.”

The chairman of the board of directors of the pension funds of the oil industry added: “Dehloran Petrochemical will produce 650,000 tons of ethylene, propylene, pyrolysis gasoline, etc. annually after commissioning, and part of its output will be able to be exported.”

He added that the fund's projects, which will be put into operation in the coming years, will generate a stable income for the fund.

News Code 449227


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