MOSCOW (MRC) -- France’s Total S.A. has embarked on studies and economic evaluation for construction of a petrochemical complex in Iran’s Parsian Special Economic Energy Zone, as per GV.
Undoubtedly, Total oil company of France has been the most active European firm in the Iranian oil, gas and petrochemical industries over the past six months.
The French company has conducted several talks with Research Institute of Petroleum Industry (RIPI), National Petrochemical Company (NPC) as well as with the National Iranian Oil Company (NIOC).
Along the same line, a delegation comprising Total representatives made a visit to Parsian Special Economic Energy Zone in southern Iranian province of Hormozgan.
The visit was made following the Memorandum of Understanding (MoU) which was inked last year between Total S.A. and Iran’s NPC over designing, constructing, installing and implementing of a petrochemical complex.
The French company aims to launch economic evaluation studies for construction of a proposed polyethylene complex in the area.
Meanwhile, Managing Director of the National Petrochemical Company (NPC) Marzieh Shah-Daei had said earlier in March that "on the basis of negotiations, Total company has been urged to use a combination of gas and liquid feed baskets as well as to complete the country’s value chain in petrochemical industries."
She had said Total is after building a petrochemical complex in Iran for producing various grades of polyethylene (PE).
Parsian Special Economic Energy Zone is located in Hormozgan province in the south of Iran possessing enough natural gas and condensate for development of petrochemical industries.
We remind that, as MRC informed previously, in March 2016, NPC and Total signed a memorandum of understanding (MoU) to build a petrochemical complex in Iran. The complex will include a world-scale steam cracker unit in the coastal area. It will be based on a combination of feedstocks comprised of ethane, naphtha and LPG, as well as other available feed. In addition to steam cracker unit, the complex will include relevant downstream units for supplying its products to domestic and international markets.
Total S.A. is a French multinational oil and gas company and one of the six "Supermajor" oil companies in the world with business in Europe, the United States, the Middle East and Asia. The company's petrochemical products cover two main groups: base chemicals and the consumer polymers (polyethylene, polypropylene and polystyrene) that are derived from them.
MRC