The Iranian petrochemical firm, based in Mahshahr, has surpassed its previous records and achieved new production milestones over the last 11 months. Ghadir Petrochemical Company reported that it produced over 123,000 metric tons of polyvinyl chloride (PVC) in the month of Bahman, equivalent to January 20 to February 18, 2023 in the Iranian calendar. This […]

Iraq signed deals with UAE firm Crescent Petroleum and two Chinese companies on Tuesday for the development of six oil and gas fields as it seeks to produce much needed natural gas for power stations and cut imports burdening the country’s budget. United Arab Emirates-based Crescent Petroleum signed three 20-year contracts to develop oil and […]

According to ICANA, Mohammad Baqer Qalibaf met and talked with Ibrahim Boughali, speaker of the People’s National Assembly (lower house of Parliament), on the sidelines of the 17th meeting of the Parliamentary Union of the Organization of Islamic Cooperation member states, which was held in Al Jazeera, the capital of Algeria, on Sunday evening (January […]

Russia’s petrochemical industry will face difficult times again in 2023 due to ever-slumping export figures, a lack of spare parts due to sanctions and weak domestic demand. At least that was the core thesis put forward by the economist Natalia Zubarewitsch, professor of economic and social geography at the Lomonosov Moscow State University, at a […]

Asia is set to lead the global ethylene industry capacity additions with a share of 60% by 2030, as it gains capacities from new-build and expansion projects between 2022 and 2030, says GlobalData, a leading data and analytics company. GlobalData’s latest report ‘Ethylene Market Capacity and Capital Expenditure (CapEx) Forecast by Region, Top Countries and […]

According to Zagros Petrochemical Plant, the technical know-how transfer agreement for Zagros Petrochemical Plant’s methanol to synthetic ethanol conversion project with a production capacity of 300,000 tons was signed between Zagros Petrochemical Company and China’s Dalian. Matin Didari, the CEO of Zagros Petrochemical Company, in the signing ceremony of the technical know-how transfer agreement, said: […]