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Iran Breaks Ground on $52 Million Ethylene Pipeline

Financial Tribune Daily, January 9, 2017

Last week, Iran broke ground on a $52 million (2.1 trillion rials) pipeline project to connect the Tabriz Petrochemical Complex in East Azerbaijan Province to the Miandoab Petrochemical Complex in West Azerbaijan Province. The 154km pipeline will feed 200,000 tons of ethylene annually from Miandoab to Tabriz for production of a wide range of petrochemicals. The petrochemical complex in Tabriz has an annual production capacity of 370,000 tons, but the capacity is set to double upon the pipeline's completion by 2021. "Tabriz should turn into a hub of petrochemical development," Oil Minister Bijan Namdar Zanganeh said, adding that the government is keen to accelerate petrochemical investments in Tabriz by offering 30% discount on the gas feedstock to new plants in the region.

Click here to read the full article from Financial Tribune Daily.

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