13 November 2022 - 10:04
  • News Code: 464135
1st Petchem Consortium to Develop Iran Gas Fields

TEHRAN (Shana) – An Iranian petrochemical consortium has started operations to develop gas fields in the country, said the Secretary General of the Petrochemical Industry Employers Association.

Underlining a recent meeting with the Iranian Minister of Petroleum Javad Owji,  Ahmad Mahdavi Abhari told Tasnim News that feedstock price formula may be revised for petrochemical companies, and said: “With the formation of the first consortium of petrochemical companies to operate in the upstream sector, work has begun on the three gas fields of Khartang, Gardhan and Pazen.”

He added: “Representatives from the Islamic Consultative Assembly, members of the Parliament's Industries Commission and the head of the Petrochemical Committee were present in this meeting.”

Referring to the importance of the petrochemical industry in the capital market and the national economy, the Secretary General of the Petrochemical Industry Employers Association stated: “From the beginning of the current calendar year, which began on March 21 until November 8, about $9.4 billion have been injected into the NIMA Forex system by petrochemical companies.”

Mahdavi Abhari continued: “Petrochemical industry is a leading industry that needs to be supported, and this issue is mostly the responsibility of the Ministry of Petroleum and requires the attention of this ministry to the issues concerning this industry.”

News Code 464135

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