Iran is considering cession of Damavand Petrochemical Plant to the private sector.
Iran is building Damavand Petrochemical Project to add 30
million tons to its current annual 60mt petrochemical output.
A session was held at the Privatization Organization of Iran
on Saturday, June 02, in the presence of the projects executives to make
decisions regarding privatization of the plant.
Also dissolution of the National Iranian Drilling Company
(NIDC) was also considered in the meeting.
Damavand petrochemical project will bring Iran's
petrochemical output to 90mt/y once completed.
Turbines 1 and 2 of the €3b project's generation station
have been installed and installation of the 3rd and 4th ones has begun in
Assaluyeh, south of Iran.
The new turbines purchased from Iranian industrial group
MAPNA increase Damavand plant’s generating power to 648 megawatts.
With the installation of 12 gas turbines, the total outage
of the Damavand plant after completion of three phases will reach 2,000
Iran's National Petrochemical Company (NPC) has financed the
project which has been mostly developed by domestic contractors.
Damavand petrochemical project is being completed to supply
utilities for Assaluyeh II petrochemical complex. The project will offer power,
steam, water, industrial wastewater facilities as well as insulators to 24
nearby petrochemical plants in Pars Special Economic Energy Zone.