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                                        Volume. 12120

Iran to stop buying foreign licenses for oil refining projects
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c_330_235_16777215_0___images_stories_famous_04_iranian-oil-refinery.jpgIranian Oil Minister Rostam Qasemi has issued an order instructing the National Iranian Oil Production and Distribution Company (NIOPDC) to stop buying foreign licenses for domestic oil refineries.

The decision comes after some foreign companies involving in Iranian oil projects did not met their obligations and followed the international sanctions on Iran’s oil industry, according to the Pana news agency.

The NIOPDC is currently using domestic expertise and licenses for implementing seven oil refining and two gasoline producing projects, the report added.

However, based on a report by Iran's ministry of industries and mines, domestic refineries produce 42,952 tons of petrochemicals, of which 15,033 tons are produced under the license of German companies. In fact, Germany holds a 35 per cent share in Iran's petrochemical production. UK, France and the Netherlands rank the next with 18 per cent share, 12 per cent share and 11 per cent share, respectively.

With an eye to these statistics, Iran is highly dependent on foreign expertise in the petrochemical sector. Over half of the country's petrochemical output will be dependent on the above four mentioned countries by 2015, the report says. Of course, the statistics do not include those plans for which licensors have not yet been introduced.

Considering the advancement of such foreign countries in the technological fields, the remaining 22 per cent of Iran's petrochemical output should be seemingly secured under the license of such countries in the future.


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