The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
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Tehran - A deputy petroleum minister said that petrochemical development projects in Phase 2 of the giant offshore South Pars gas fields are progressing as scheduled.
"Development projects are progressing more tangibly than before and dynamism has returned to the petrochemical industry," the Petroenergy news network SHANA quoted Abbas Sheri-Moqaddam as saying on Monday.
He said financing of the projects, particularly by China, is proving effective in South Pars.
Sheri-Moqaddam, who is also the managing-director of National Petrochemical Company, said that the South Pars could become a strategic production hub.
Along with the rapid development of China's energy industry, China Oil & Gas Pipeline network is experiencing unprecedented great structure, large-scale construction and giant leap. Read More >
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