Iran's Nouri Petrochemical Company discloses production potential

Oil&Gas Materials 10 February 2020 18:58 (UTC +04:00)
Iran's Nouri Petrochemical Company discloses production potential

BAKU, Azerbaijan, Feb. 10

By Elnur Baghishov - Trend:

Nouri Petrochemical Company has fulfilled its production potential by 95% from January 21 through February 4, 2020, in the Pars Special Energy Economic Zone (PSEEZ) in southern Iran's Bushehr province, the company’s Managing Director Taqi Sanei said, Trend reports referring to the Iranian Shana News Agency.

“During these date, the company's potential production reached 110 percent. Although the company's production forecast was 90% and to this date exceeded 5%,” Sanei said.

It is forecasted to achieve 95% of production potential and 105% of production plans by March 21, 2020, the managing director said.

Sixty percent of the products produced by Iran's Nouri Petrochemical Company are exported and 40% sold on the stock exchange. The products are exported to Europe, East and South Asia, the countries of the Persian Gulf and the Indian Peninsula. The company produces 1.2 million tons of paraxylene, benzene and orthoxylene a year and 3.3 million tons of heavy and light hydrocarbons, heavy aromatic, LPG, Pentan, light naphtha. The plant produces over 4.7 million tons of fuel per year, 4.5 million tons of which is gas condensate and is supplied from factories in the South Pars Gas Complex.

It is expected to commission a heavy distillation project with the investment of about $110-120 million. Commissioning of this project will contribute to production of crude low-sulfur fuel oil needed for ships.