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Iran MP: Government must intervene in petrochemical complex shutdown

Iran Materials 26 September 2012 14:02 (UTC +04:00)

Azerbaijan, Baku, Sept. 26/ Trend M. Moezzi

A member of Iran's Majlis (parliament) has warned that the Esfahan Petrochemical Company's continued shutdown will cause problems to industries that rely on it.

Hoseyn Ali Haji-Deligani, who represents Esfahan Province's Shahin Shahr, told Mehr news agency that the dispute between the Esfahan Petrochemical Company and the town's refinery over the price and amount of petrochemical feedstock and outstanding debts has paralysed downstream industries.

Mr. Haji-Deligani urged government authorities to intervene and offer credit and low interest loans to resolve the dispute. Shahin Shahr's representative said he was dissatisfied with the process to break up what had been a single petrochemical complex and contended that turning over the oil and tar production units to the private sector has created numerous problems.

If the standoff is not resolved, the judicial branch will order the refinery to provide fuel and raw materials to the company because the Esfahan Petrochemical Company is a subsidiary of the National Petrochemical Company.

Esfahan Petrochemic Company produces 300 tons of petrochemicals and petrochemical products annually, said Mr Haji-Deligani who added the government's process for privatising petroleum complexes should be revived and revised.

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