5 methanol producers in Iran have announced their readiness to produce gasoline

According to Energy Press, Morteza Shahmirzaei announced the exploitation of 15 petrochemical projects by the end of 2024 at the fringe meeting of the 28th International Oil, Gas, Petrochemical and Refining Exhibition.

He added: Last year was a proud year for the petrochemical industry, and the National Petrochemical Industries Company has started the orientations to fulfill the slogan of the year with the presence of holdings and petrochemical companies.

The managing director of the National Petrochemical Industries Company stated that 15 petrochemical projects are planned for operation in 2024 and said: “The number of petrochemical complexes in Iran will reach 80 by the end of this year and the capacity of the industry will reach more than 100 million tons.”

Pointing out that the feed is the first issue in the jump of production, he said: This year’s strategy of the National Petrochemical Industries Company is to provide feed for petrochemical complexes easily and have the least restrictions.

Shahmirzaei pointed to the production of some petrochemical complexes in 2023 with more than 120% of the nominal capacity and stated: the government considers itself committed to providing gas and the welfare of the people in the cold seasons of the year, and providing gas to the domestic and commercial sectors is a priority. Therefore, energy consumption management is very important due to the very good production of gas in the country.

He clarified: In order to provide the required stable feed, the petrochemical industry has put investment in the upstream of the oil industry and gas storage on the agenda. In the past few weeks, several investment memorandums of petrochemical companies in the development of oil and gas fields were signed with this goal.

Referring to the priority of the investment strategy in completing the value chain, the Deputy Minister of Oil emphasized: If we want to have a dynamic, stable and forward-looking industry at the global level, we must focus on completing the value chain.

He continued: Shortening the period of major repairs of petrochemical complexes and completing half-finished projects is one of the plans of the petrochemical industry to increase production.