Iran

[Shahab3]

Western sanctions have provided Iranian producers with an opportunity to compete with rivals in the international markets, Iranian Minister of Industry, Mining and Trade Mehdi Ghazanfari said.
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Speaking to the oil ministry's website on the sidelines of the 18th International Oil, Gas, Refining, and Petrochemicals Exhibition here in Tehran, Ghazanfari said that the exhibition is a valuable opportunity to introduce the capabilities of Iranian industrialists.
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The 3rd natural gas fractionation unit (NF3) was inaugurated in Bandar Imam Petrochemical Complex (BIPC) in Iran's Southwestern city of Mahshahr.
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The unit will produce 2.685,000 tons of petrochemical products, worth of $1.884bln, per annum. The unit's productions include Ethan, Propane, Butane, 5-Carbonate or heavier oil fractions and fuel gas.
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