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Petrochemical exports generate $3.2b for Iran

TEHRAN, March 16 (Mehr News Agency) - Iran's National Petrochemical Company (NPC) has exported 5.9 million tons of its products valued at $3.2 billion during the current Iranian year (started March 21, 2006).

The value of petrochemical exports represents 21 percent of Iran's total non-oil exports, the NPC reported.

In addition, the company has produced 18 million tons of basic, intermediate, and finished products during the same period.

The NPC took a 1.3 percent share in gross domestic product (GDP) of the country.

During this Iranian year, several petrochemical projects came on stream. An ethane production project at the Pars Petrochemical Complex, the 7th Olefin Project at the Marun Petrochemical Plant, and 4th Methanol Project at the Zagros plant, all in southern Iran, can be named.

Utility services at the Mobin Petrochemical Complex and a carbon monoxide unit at Fanavaran are other projects that became operational in the period.

Moreover, the ground was broken for the construction of four more petrochemical complexes.

Drilling at Iran's southern Khesht oilfield starts

TEHRAN, March 16 (Mehr News Agency) - The drilling operations of a project to develop Khesht oilfield in Iran's southern province of Fars started in collaboration with the North Drilling Company (NDC), the NDC managing director said here on Thursday.

According to the schedule, the drilling of the first repairing well will be completed in April, Asghar Rafiei told the Iranian Students News Agency (ISNA).

He explained that Khesht oilfield will produce 35,000 barrels per day once it becomes operational, adding, the Iranian Central Oil Fields Company (ICOFC) is in charge of the project to develop the field.

NDC and ICOFC are two subsidiaries of the National Iranian Oil Company (NIOC).

... Payvand News - 3/17/07 ... --

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