Petroleum Today Magazine’s Post

Iran's global importance in petrochemical products is significant. The country has been rapidly expanding its petrochemical industry, with a projected growth of 13 million tons per year in propylene production by 2023. This growth is expected to make Iran a major player in the global petrochemical market, with the value of its petrochemical exports reaching $18 billion since March 2022, a $3 billion increase over the previous year. The industry is also expected to become a vital revenue stream for the country, with petrochemical exports making up nearly 33% of non-oil exports. Iran's petrochemical industry is strategically important due to its high added value in the country's oil industry value-chain. The industry is expected to continue growing, with a ten-year strategic outlook forecasting the initiation and completion of 35 new projects, increasing the total production capacity to 14 million tons annually. This growth is driven by the country's abundant feedstock, highly skilled human resources, and access to water resources and coasts. Iran's petrochemical industry is also expected to play a crucial role in the country's overall growth outlook, with the industry's development and policy considerations focusing on sustainable, economical, and safe energy, as well as domestic and international environmental protection legislation. The industry is seen as a key driver of industrialization and economic growth in the country, with a projected annual growth rate of up to 10% until 2030. Overall, Iran's petrochemical industry is poised to become a significant global player, with its growth and development expected to have a substantial impact on the country's economy and energy sector. Petrochemical Industries Design and Engineering Company (PIDEC) which is located in Shiraz, is a leading engineering company in the petrochemical industries. It was originally established in 1985 as a subsidiary of the National Petrochemical Company of Iran and later became a private company in 1994, under the holding of the Erection and Construction Company (ECC). PIDEC provides a wide range of services, including feasibility studies, project management, engineering, procurement, construction, and commissioning, for projects in oil, gas, and petrochemical industries. The company has a strong track record of executing over 70 projects and has developed expertise in various process technologies, including those for petrochemical products such as methanol, ammonia, urea, and others. PIDEC is also known for its research and development activities, which aim to improve process design and technology. #PIDEC #Petrochemical #Iran #Engineering

Major Progress in Egypt's Petrochemical Industry Towards Self-Sufficiency! The country's nine key petrochemical companies surpassed their production targets by 5%, reaching nearly 4 million tonnes in the fiscal year ending June 2024, according to the Ministry of Petroleum and Mineral Resources. During the recent General Assembly of the Egyptian Petrochemical Holding Company (ECHEM), Oil Minister Karim Badawi revealed plans for nine new projects aimed at boosting crude oil and gas output, optimizing energy use for petrochemical plants, and attracting fresh investment. Among the exciting initiatives are a methanol derivatives project in Damietta, a 100,000 tonne/year bioethanol facility, and a green ammonia production project. Additionally, efforts are underway to modernize existing plants like EPC's chlorine facility, all contributing to Egypt's £E37 billion ($761 million) in petrochemical sales. Exciting times for Egypt’s energy and petrochemical industries! #ICIS #Petrochemicals #IndustrialGrowth https://lnkd.in/d3_7vSMY

The announcement of Egypt’s plan to build a $660 million marine facility for petrochemicals in Dekheila Port, Alexandria, marks a significant development in the country’s industrial and economic landscape. Here are some key insights: Strategic Importance 1. Supply Chain Security: The facility is designed to secure the current and future needs of raw materials for petrochemical companies in Alexandria. This is crucial for ensuring a stable supply chain, which is vital for the continuous operation and growth of the petrochemical sector. 2. National Petrochemical Plan: The project aligns with Egypt’s national plan for the petrochemical industry, indicating a long-term strategy to enhance the sector’s capabilities and output. Economic Impact 1. Investment and Job Creation: The $660 million investment is likely to generate significant economic activity, including job creation during the construction and operational phases. This can have a positive multiplier effect on the local economy. 2. Increased Capacity: With the ability to handle up to 1.1 million tons per year of liquefied ethane gas and an annual operational capacity of 5 million tons, the facility will substantially increase the country’s petrochemical processing capabilities. Technological and Environmental Standards 1. High Standards: The project adheres to high qualitative standards, including environmental sustainability, health, and occupational safety. This is critical for minimizing the environmental impact and ensuring the well-being of workers and nearby communities. 2. Advanced Infrastructure: The marine berths, each 400 meters long and 20 meters deep, with a ground area of 400,000 square meters, are designed to accommodate giant tankers with capacities of up to 300,000 tons. This advanced infrastructure will enhance the efficiency and capacity of the petrochemical supply chain. Strategic Partnerships 1. Collaborative Effort: The project is a partnership between several key entities: the Egyptian Petrochemicals Holding Company (ECHEM), Sidi Kerir Petrochemicals Company (Sidpec), the Egyptian Natural Gas Company (GASCO), and Gama Construction. This collaborative approach leverages the strengths and expertise of each partner, increasing the likelihood of successful project execution. Political and Economic Vision 1. Political Leadership Vision: The initiative reflects the political leadership’s vision of securing a sustainable supply of raw materials for the petrochemical industry. This strategic focus is likely aimed at positioning Egypt as a key player in the global petrochemical market. 2. Long-term Benefits: By enhancing the capabilities of the Egyptian petroleum sector, the project is expected to have long-term benefits, including increased foreign investment, technological advancement, and a stronger position in the global petrochemical supply chain.

Saudi Arabia's petrochemical sector is gaining momentum through strategic investments aligned with Vision 2030—a topic I recently explored in an interview with Arab News. As the energy landscape transitions, the demand for oil as a fuel may begin to wane, yet the need for petrochemical-derived products such as plastics and synthetic fibers is on the rise. Saudi Arabia is keenly aware of this paradigm shift and recognizes that its abundant oil reserves could be underutilized if current demand trends persist. The petrochemical industry has become a linchpin in the Kingdom's industrial strategy, playing a crucial role in realizing Vision 2030. Leveraging its access to competitively priced energy and feedstock, Saudi Arabia is poised to expand its petrochemical operations, thereby cementing its status as a global powerhouse in the industry. This strategic move not only enhances its competitiveness but also ensures the valuable utilization of its vast oil reserves. https://lnkd.in/gx9aMtC7

Kazakhstan produces over 100 million tons of coal annually, but only 3% of it is processed and the rest is burned in furnaces to generate electricity and heat or exported. However, this resource can be a valuable raw material to produce high value-added products that would generate revenues of tens of billions of dollars a year. The 2020s could be the dawn of the processing industry in Kazakhstan. The launch in 2022 of a polypropylene plant with a capacity of 500,000 tons of products per year could provide an impetus for this. National company KazMunaiGas announced plans to implement several other oil and gas chemical projects. Construction of a large polyethylene plant started this year. Yes, polypropylene and polyethylene are still raw materials to produce end products, but further development of the processing sector is within the reach of small and medium-sized businesses. Read more ⤵️⤵️⤵️ https://lnkd.in/dw7usb7J

🌍 **Iran: A Global Powerhouse in Methanol Production** 🏭 Iran is not just a key player in the regional methanol industry but also one of the largest producers worldwide. Leveraging its rich natural gas resources and advanced petrochemical infrastructure, Iran has emerged as a crucial supplier in the global methanol market. 🔹 **Why Choose Iranian Methanol?** 1. **High Production Capacity**: Major companies like Zagros Petrochemical and Fanavaran Petrochemical contribute significantly to the global market with their high production capacities. 2. **Competitive Pricing**: Access to affordable natural gas allows Iranian producers to offer methanol at highly competitive prices. 3. **Extensive Exports**: A large portion of Iran's methanol production is exported to key markets across Asia, Europe, and beyond. 📈 **A Bright Future**: With ongoing expansions and new projects in the pipeline, the future of Iran’s methanol trade looks brighter than ever. What factors do you think could further boost Iran's success in this industry? Share your thoughts! 💬 Our team is ready to fulfill your methanol purchase requests from Iran with competitive pricing and reliable service. Whether you're looking for high-quality products , we've got you covered. Reach out to us today for more information! #Methanol #Iran #InternationalTrade #Petrochemicals #Exports

UK’s SNF plans polymer plant to support Oman’s chemical EOR sector MUSCAT: Underscoring Oman’s increasing reliance on Enhanced Oil Recovery (EOR) to sustain oil and gas production, SNF — the world’s leading provider of integrated solutions for chemical-EOR — says it has plans to set up a polymer production plant in the Sultanate of Oman to cater to the requirements of a growing portfolio of oilfield customers and water utilities in the wider region. UK-based SNF is a major manufacturer of polyacrylamide, a key polymer used in Chemical EOR operations in Oman, among other sectors. Read more: https://lnkd.in/dchdCK_Y SNF | Oil & Gas Petroleum Development Oman Ministry of Energy and Minerals #EOR #EnhancedOilRecovery #Polyacrylamide #ChemicalEOR #Oman #OmanBiz

🛢️Negin Lavan Petrorefining Company with a feed capacity of 150,000 barrels of crude oil per day (light and heavy) is being built in the special economic zone of energy industries in Parsian on a land of 250 hectares. This project is under the law of supporting the development of downstream industries of crude oil and gas condensates using public investment, the subject of the Executive Regulations of Law No.13847/T 57038 dated 2020/01/19, approved by the Honorable Board of Ministers Regarding resistance economy policies and in order to prevent crude sales, create added value, create jobs and create sustainable development with a justice-oriented approach and environmental protection, the researcher, and with an estimated investment volume of 3.4 billion dollars, as one 3 projects have been defined as attractive and lasting plans for domestic and foreign investment. ✨I'm really glad to be a member of this mega project from now on. #oil #gas #crudeoil #petrorefining #refining #petrochemicals #NLPRC #lavan #parsian #asaluyeh #iran

Minister of Petroleum and Mineral Resources, Karim Badawi, emphasized that the petrochemical industry is one of the leading economic sectors in maximizing the economic utilization of petroleum resources and generating added value, which significantly supports the Egyptian economy. #EOG #minister #petroleumresources #petrochemicalindustry #Egyptianeconomy