IRAN & SWITZERLAND CONTRACT
NATURAL GAS EUROPE said, Iran inked the first post-sanctions petrochemical contract with a Swiss firm for construction of finishing unit of a petrochemical company in Assaluyeh.
Swiss Welding Engineers Ltd inked a contract with Sadaf Petrochemical Assaluyeh Company to construct finishing area of the project.
This is the first contract signed between an Iranian company and its foreign partner in the petrochemical sector in the post-sanctions era.
The two companies signed the contracts after very difficult negotiations on Saturday evening.
Managing Director of Sadaf Petrochemical Assaluyeh Company Ahmad Jazayeri said the Swiss company will help his company to build a plant for production of the synthetic polymer ESBR, a strategic product used in the petrochemical industry and rubber manufacturing.
He said that the ESBR will be produced for both domestic use and export to global market including Europe.
The Italy's Versalis and Maire Tecnimont as the major company which is helping to build the plant, confirmed the Swiss Welding Engineers Ltd for design, construction and startup of the finishing area of the project, the official added.
He noted that the Swiss Welding Engineers Ltd will be responsible for drying, wrapping and packaging process at the final stage of production of the ESBR before presenting to the market.
ESBR stands for emulsion styrene butadiene rubber. With the launch of this production line, 136,000 metric tons of finished products in five categories will be manufactured a year, two of which will be used in production of tires and the rest in the plastic industry.
The plant is the first in Iran and the region and the product is environmentally-friendly, with hazardous substances deleted in the production process.
|March, 18, 11:45:00|
|March, 18, 11:40:00|
|March, 18, 11:35:00|
|March, 18, 11:30:00|
|March, 18, 11:25:00|
|March, 18, 11:20:00|
PENNENERGY - Siemens Gamesa Renewable Energy has secured orders for the supply of 39 onshore wind turbines in France, with aggregate capacity of 104 MW, at five wind farms being developed in the regions of Hauts de France, Grand Est, Burgundy and in Western France.
FRB - Industrial production rose 1.1 percent in February following a decline of 0.3 percent in January. Manufacturing production increased 1.2 percent in February, its largest gain since October. Mining output jumped 4.3 percent, mostly reflecting strong gains in oil and gas extraction.
PLATTS - NYMEX Apr natural gas little changed at $2.678/MMBtu
BAKER HUGHES A GE - U.S. Rig Count is up 6 rigs from last week to 990, with oil rigs up 4 to 800, gas rigs up 1 to 189, and miscellaneous rigs up 1 to 1. Canada Rig Count is down 54 rigs from last week to 219, with oil rigs down 52 to 144 and gas rigs down 2 to 75.