IRAN - The Petrochemicals Plan To 2015.
Opening the 6th Annual Iran Petrochemical Forum (IPF (Itanium Processor Family) See Itanium. ), a major international event held in Tehran on May 1-2, 2004, Iranian Petroleum Minister Bijan Namdar Zanganeh outlined a plan to raise six-fold the country's annual petrochemical revenues to $20 billion of today's US dollars by 2015. Although Western industry executives said the target may prove too ambitious, their Iranian counterparts pointed to the fact that Iran was offering relevant ventures the world's lowest cost gas feedstocks, manpower and siting facilities. The latter, in special economic zones, offer fiscal incentives.
"Our aim", Minister Zanganeh said, "is to produce 70 million tons (per annum Per annum
Yearly. ) of petrochemical products in 2015, worth 20 billion dollars". Over the past Iranian fiscal year, which runs from March 21 to March 20 of the following year, Iran produced just over 16 million tons of petrochemical goods, worth $2.7 billion, of which $1.2 billion worth of products were exported.
"We hope over the current year to pass the $3.5 billion mark and to increase our (petrochemical) production by 50% in the following year", in 2005/06, the minister said. All new petrochemical ventures involve foreign companies, mostly as partners and technology providers and/or as EPC (1) (Entertainment PC) See HTPC.
(2) (Electronic Product Code) A standard code for RFID tags administered by EPCglobal Inc. (www.epcglobalinc.org). contractors.
Zanganeh said $11 billion of investments were to be pumped into the petro-chemical sector under Iran's five-year plan Five-Year Plan, Soviet economic practice of planning to augment agricultural and industrial output by designated quotas for a limited period of usually five years. of 2005-2010. In 2010, he said, "we should have reached a production level of 56 million tons (per annual), earning Iran seven billion dollars in exports".
Iran's ambition is to clinch a 5.6% share of the world's petrochemical output and as much as a 30% stake in the Middle East by March 2006. The years 2006-10 will be most challenging for Middle East producers of petrochemicals geared for export, as markets on both sides of Suez could then be saturated with goods from so many ventures in this field that would have come on stream.
French, Italian, British, Japanese, South Korean and multinational companies are all active in the Iranian petrochemical sector. Iran is also trying to negotiate a $500 million petrochemical venture with the Saudi Arabian Basic Industries' Corp. (SABIC SABIC Saudi Basic Industries Corporation
SABIC Sample-Band Image Coding (currency counterfeit deterrence technique) ), the huge state-controlled combine that has become trans-national since its acquisition of the Dutch firm DSM 1. DSM - Data Structure Manager.
An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. Petrochemicals in 2002.
(The IPF conference's opening on May 1 coincided with Wahhabi terrorist attacks at a major petrochemical complex in Yanbu', the Saudi industrial zone on the Red Sea coast, in which Western engineers were killed. Foreign investors participat-ing at the Tehran event compared the deteriorating security situation in Saudi Arabia Saudi Arabia (sä`dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. with that in Iran. On May 29-30, Wahhabi terrorists affiliated to Osama Bin Laden's Qaeda network held many expatriates hostage at a housing compound in Al-Khobar, an oil town in the Saudi Eastern Province, on the Gulf coast, and the drama resulted in 22 people killed - see Recorders of the APS Diplomat.
(Iran's National Petrochemical Co., owned by the state and affiliated with National Iranian Oil Co., is much smaller than SABIC. Owned 70% by the state and 30% by private Saudi and other GCC GCC: see Gulf Cooperation Council.
(compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). shareholders, SABIC has become the 11th largest petrochemical producer in the world. Before it bought DSM, the Saudi company was the world's No. 22. The acquisition raised its ethylene output by 1.2m tons to 6.9m t/y and gave it a good key to the European market. While expanding at home, SABIC is on the lookout for in search of; looking for.
See also: Lookout other major acquisitions or joint ventures on both sides of Suez.
(All of SABIC's plants at the Saudi industrial cities of Jubail and Yanbu' keep raising capacity or are having their output streams diversified. Their plants, numbering 17, are mostly JVs between SABIC and foreign firms. Their production capacity exceeds 42m t/y, up from SABIC's capacity of 22m t/y in 1995. SABIC and partners in Jubail and Yanbu' produce more than 45 kinds of petrochemicals and other products. SABIC says its plants and JVs at home and abroad should exceed 65m t/y by 2010 and 75m t/y by 2015. SABIC was well represented at the IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. conference and presented a paper).
Minister Zanganeh told the Tehran conference Tehran Conference, Nov. 28–Dec. 1, 1943, meeting of President Franklin Delano Roosevelt, Prime Minister Winston Churchill, and Premier Joseph Stalin at Tehran, Iran. : "Our primary targets are the markets in Asia, and then the European market". The Asian markets currently account for 90% of Iranian petrochemical exports, while the European market makes up for only 4%.
Western industry experts do not share Iran's optimism, however. "Iran must first find the markets, at a time when there is world overproduction o·ver·pro·duce
tr.v. o·ver·pro·duced, o·ver·pro·duc·ing, o·ver·pro·duc·es
To produce in excess of need or demand.
o ", said a European executive. Olivier Appert, president of the Institut Francais du Petrole (IFP (1) (Intelligent Forms Processing) Using advanced techniques to scan documents and determine their data content. See ICR.
(2) (Integer Factorization Problem) The difficulty of finding prime numbers in an encryption key. ), which took part in the conference, said the success of Iran's plans depended on world growth rates Growth Rates
The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures.
Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , currently running at close to 4%.
Appert said: "We are optimistic as regards world growth. Demand is carried by major consumer products, and by growth in China and Asian countries. "We can also be optimistic over Iran's capacity to develop its petrochemical output as the country has the necessary resources, especially the gas, to bring well-priced raw resources to the market". But, he said, a lot would depend on the inflow of investments.
"Question marks remain about the rate of investments and whether the investments can be raised within the timetable. That is the challenge", said Appert. But he said the ethylene and propylene propylene /pro·pyl·ene/ (pro´pi-len) a gaseous hydrocarbon, CH3CHdbondCH2.
propylene glycol a colorless viscous liquid used as a humectant and solvent in pharmaceutical preparations. markets were promising. "You have to set ambitious targets and then try not to be too far away", he said, referring to the Iranian minister's address.
Iran's petrochemical ventures are concentrated mainly in two industrial zones, and both have major gas processing facilities: Bandar (port) Assaluyeh, a coastal area closest to the giant South Pars gas field, and Bandar Imam (formerly known as Bandar Shahpour and later Bandar Khomeini) near the northern end of the Persian Gulf. There are petrochemical plants in various other parts of Iran, including Isfahan, Shiraz, Tabriz, Arak Arak (äräk`), city (1991 pop. 331,354), Tehran prov., W central Iran. A center for agricultural trade as well as for road and rail, the city is also known for its rugs, pottery, metalwork, and carpets. Founded c. and Ilam. There are special economic zones (SEZs) at Assaluyeh and Bandar Imam.
$180 Bn In Private Ventures: Private companies and financiers have invested more than $180 billion in the special economic zone of the Bandar Imam Petrochemical Complex. The government predicts that the private sector will also invest more than 4,400 billion rials in the petrochemical sector.
NPC 1. (complexity) NPC - NP-complete.
2. (architecture) NPC - Next Program Counter. projects the total investment in the course of the current third development plan (2000-2005) will amount to around $10 billion, compared with $11 billion for the 2005-2010 plan. The bulk of the current investment is going to Assaluyeh (Pars special economic energy zone), in Bushehr province.
There are 10 major projects under now under execution in Iran and due to be completed by March 20, 2005. Most of them are being built at Assaluyeh and Bandar Imam.
Iran considers the petrochemical sector a key element in its drive to expand the non-oil economy by relying on its vast natural gas reserves as feedstock ranked second in the world after Russia. In its drive to expedite the development of the sector, NPC has pledged to provide both national and foreign investors with their needed natural gas at a low price.