28 Petchem Projects to Be Financed by Foreign Parties

Fanavaran Energy Part

 Main member of Board of Managers of National Iranian Petrochemical Company (NPC) Farnaz Alavi says 28 new petrochemical projects need to be implemented at a cost of $32 billion, are to be directly financed by foreign parties.

Alavi told Shana that the 28 projects include ammonia urea, GTO and GTP that will yield gas, olefin and propylene at the production phase.

She said the foreign capital necessary for the projects will be met regarding suitable atmosphere provided after the Joint Comprehensive Plan of Action (JCPOA).

She went on to say that the new projects in the 6th Five-Year Economic Development Plan have been defined based on the gas feedstock.

She said the location of the projects is still unknown.

Source: Shana