Iran, Total to co-launch petrochemical complex

TEHRAN, March 12 (KUNA) — Iran’s National Petrochemical Company (NPC) and the French energy giant Total have signed a memorandum of understanding to jointly build a petrochemical complex in Iran.
The MoU was signed during the visit of a high-profile delegation from Total to Iran last week, IRNA news agency reported on Saturday.
By virtue of the deal, Total will conduct the groundbreaking work, including the assessment designs and studies for the joint venture.
The complex will include a steam-cracker unit that will be built in the coastal regions based on the world’s latest standards to be fed by ethane, naphtha, liquefied petroleum gas (LPG) and other liquid feedstock.
The joint venture aims to supply petrochemical products to the domestic and the international markets, according to the report. (end)