During a ceremony held via video conference, three major pipelines for the transfer of oil products were launched on Monday.
The ceremony was attended by Oil Minister Bijan Namdar Zanganeh, and National Iranian Oil Refining and Distribution Company (NIORDC) Managing Director Alireza Sadeq-Abadi.
The three pipelines are the 26-inch Shazand-Qom-Rey pipeline for the transfer of oil products with a length of 293 km and a capacity of 300,000 barrels per day; the 20-inch Naein-Kashan-Rey pipeline with a length of 420 km and a capacity of 204,000 barrels per day of oil products; and the 14-inche Tabriz-Khoy-Urmia pipeline with a length of 220 km from Tabriz to Urmia with a total capacity of 65,000 barrels per day.
First Vice-President Es’haq Jahangiri has stressed the significance of the petrochemical industry for the Iranian economy, calling it one of the country’s major driving forces.
National Petrochemical Company (NPC) is seeking to complete the value-chain in the downstream petrochemical sector in Makran coasts, turning the region into a new petrochemical hub, NPC Head Behzad Mohammadi said on Monday.
Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) said his company is fully prepared for a sustained supply of oil products to households, industries, and power plants during the cold season.
Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia who is the country’s governor at the Organization of Petroleum Exporting Countries (OPEC) has been elected as the new chairman of the OPEC executive board for 2021.
As one of the world’s major oil producers Iran is expected to regain its market share, lost to rivals due to the U.S. sanctions, in case Joe Biden, who is leading in most polls, replaces Trump as the U.S.’s next president, Bloomberg reported.
Iranian petrochemical complexes produced 35 million tons of products in the first seven months of the current Iranian calendar year (March 20-October 21) to register an eight percent rise from the figure for the same period last year, an official with the National Petrochemical Company (NPC) announced.