Iran and Venezuela Start Building Methanol Plant; Chabahar to Become Big Petchems Hub

Iran and Venezuela have started work on a previously announced methanol project at Assaluyeh, Iran, says Abdolhossein Bayat, Iran’s deputy oil minister and managing director of National Iranian Petrochemical Co., (NIPC; Tehran). NIPC and Pequiven earlier agreed to build two methanol plants, each designed for 5,000 m.t./day, at Assaluyeh and at Jose, Venezuela. Bayat said on Saturday that agreements for the project in Venezuela are yet to be finalized. Iran is currently in talks with Venezuela and Indonesia to build two petrochemical complexes at...

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