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Iran, Turkey sign gas accord
Tehran and Ankara on Monday signed an accord reinforcing agreements to develop Iran's gas fields and on the transit of Iranian gas to Europe, the official news agency IRNA reported.
The accord covers the development of three phases -- 22, 23 and 24 -- in Iran's South Pars offshore gas field with Turkish investment as well as gas transfer to Europe via Turkey at a rate of 35 billion cubic metres a year.
It envisages the joint construction of a 1,850-kilometre (1,200-mile) pipeline from the southern Gulf port of Assaluyeh, off where South Pars lies, to the Bazargan border area with Turkey in northwest Iran.
Iranian Oil Minister Gholam Hossein Nozari and his Turkish counterpart Hilmi Guler signed the accord in Tehran.
"It was agreed that 50 percent of the gas from these (three South Pars) phases be sold to Turkey," Nozari said, quoted by the oil ministry's news website Shana in a joint press conference with Guler.
October 30, 2009 Bloomberg
Petkim and Iran’s NPC join forces
Petkim, Turkey’s biggest petrochemicals company, and Iran’s state-owned NPC International Ltd. agreed to form a joint venture to build a petrochemicals plant in Iran.
equally owned, integrated polvinyl chloride complex in Iran
The two companies will
have equal stakes in the venture, Petkim said in a filing with
the Istanbul Stock Exchange Friday. Petkim did not say when the
plant, planned to produce 300,000 tons a year of suspension
polyvinyl chloride, or S-PVC, and 195,000 tons of caustic soda, will come on stream.
The two companies signed a memorandum of understanding for the project on Oct. 28, Petkim said. It said the plant will be built to in Iran's Azerbaijan region, which borders on the country of Azerbaijan.
Miandoab Petrochemical Company, owned by Iran’s Bakhtar Holding, will implement the project, Petkim said, without elaborating on the cost of the plant.
Bakhtar Petrochemical Company was established in February 2003 with the initial capital investment of 2000 billion Rials as a holding company, funded by following stockholders to provide the required capital investment for its Subsidiary Companies as described herein
The main objective of Bakhtar Petrochemical Company is to provide management and supervision services during implementation, commissioning and production phases of its subsidiary companies and also to establish joint ventures with private sector for execution of downstream plants.
Presently, Kavian Petrochemical Company as ethylene producer with the registered capital of Rials 1900 Billion, Lorestan, Polymer Kermanshah, Kordestan and Mahabad, Andimeshk and Miandoab petrochemical companies each with initial capital investment of Rials 60 Billion are under execution.
Kavian planned to be in operation in the year of 2011, Polymer Kermanshah will be in operation in the year 2010 receiving ethylene from other resources for one year up to the time that Kavian become in operation.
Lorestan, Mahabad and Kordestan are planned to be in operation in the year 2012. Andimeshk and Miandoab are in the financing process. The government invests for Ethylene Pipeline which is under execution by PIDMCO