May 19, 2021 05:04

Shell Return to Revive Iran Petchem Downstream Sector

Shell Return to Revive Iran Petchem Downstream Sector
Vice-President of the Energy Committee of Tehran Chamber of Commerce, Industries, Mines and Agriculture Hamid-Reza Salehi says the downstream sector of Iranian petrochemical Industry will be developed after return of the Anglo-Dutch conglomerate company of Shell to Iran.

"Presence of Shell in Iran will undoubtedly result in development and progress of the downstream sector of the petrochemical industry," Salehi told Shana.

He said the petrochemical industry should use the post-JCPOA atmosphere available for the purpose, leading to transfer of technology and capital.

"We should try to encourage growth of investment in the industry; foreign companies can go in partnership with Iranian specialists and increase production," he said.

The head of the department for Iran affairs at Royal Dutch Shell, Hans Nijkamp, said at National Petrochemical Company (NPC) on October 09, "We believe that we can have joint projects in the petrochemical field with the National Petrochemical Company."

He said, "We believe that we can have joint projects in the petrochemical field with the National Petrochemical Company."

Iran’s deputy petroleum minister and CEO of National Petrochemical Company, Marzieh Shahdaei, said that Iran plans to expand its petrochemical output from the current level of 60 million tons to 160 million tons by 2025.

The NPC-Shell deal was signed in presence of Shahdaie, Nijkamp, Deputy Minister of Petroleum for International and Trade Affairs, Amir-Hossein Zamaninia, the Netherland’s Ambassador to Tehran Susanna Terstal and Deputy Head of British Mission in Iran Ben Fender.

Zamaninia expressed optimism that petrochemical projects between the two companies would be launched soon.

"With the wisdom that we see in the people working in our country’s petrochemical industry, without a doubt the projects of this company will be executed sooner than oil and gas projects," he said.


Oct 17, 2016 16:03
shana |
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