{"id":1878,"date":"2017-11-22T21:00:24","date_gmt":"2017-11-22T22:00:24","guid":{"rendered":"https:\/\/madaresharghi.com\/uzbekistan-open-to-invest-in-irans-petrochemical-sector\/"},"modified":"2017-11-22T21:00:24","modified_gmt":"2017-11-22T22:00:24","slug":"uzbekistan-open-to-invest-in-irans-petrochemical-sector","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/uzbekistan-open-to-invest-in-irans-petrochemical-sector\/","title":{"rendered":"Uzbekistan Open to Invest in  Iran&#039;s Petrochemical Sector"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tUzbekistan is willing to have a stake in Iran&#8217;s petrochemical ventures around the Persian Gulf, the head of the National Petrochemical Company said on Wednesday.<br \/> \t&#8220;Uzbekistan is rich in natural gas resources, but the country is open to making investment [in petrochemical projects] where there is abundant gas supply and access to international waters,&#8221; Seyyed Reza Norouz-Zadeh was quoted as saying by Shana on Wednesday.<br \/> \tPotential investment of Uzbekistan in Iran&#8217;s petroleum industry came to the forefront last week in a meeting between Bijan Namdar Zanganeh, Iran&#8217;s oil minister, and Alisher Sultanov, Uzbekistan&#8217;s deputy prime minister.<br \/> \t&#8220;Representatives of NPC and the government of Uzbekistan are now set to assess petrochemical investment opportunities in Iran,&#8221; Norouz-Zadeh said.<br \/> \tThe Central Asian country is particularly interested in methanol-to-olefin projects. Olefin is the building block for wallpapers, carpeting, ropes and vehicle interiors.<br \/> \tIran opened its energy market to foreign investment following the lifting of international sanctions in January 2016.<br \/> \tData show the country exported close to 13 million tons of petrochemicals and polymers between March 21-Oct. 22, 14% higher compared with the same period of last year. The lion&#8217;s share of petrochemical exports is bound for India, China and South Korea, and the country is gaining more ground in Africa and Europe.<br \/> \tThe country hopes to raise $70 billion in finance to raise its petrochemical output capacity from 60 million tons a year to more than 120 million tons in five years, as part of a drive to extract more value from its massive oil and gas resources.<br \/> \tTehran and Tashkent also discussed sending Iranian crude to Uzbekistan on Saturday. But talks are reportedly at an early stage.<br \/> \tIran&#8217;s crude output has almost climbed to the pre-sanctions level of around 4 million barrels per day and is slated to rise to 4.7 million bpd in four years. Under the sanctions, Iran lost more than one-third of its oil production capacity, as output declined to 2.5 million barrels a day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Uzbekistan is willing to have a stake in Iran&#8217;s petrochemical ventures around the Persian Gulf, the head of the National Petrochemical Company said on Wednesday. &#8220;Uzbekistan is rich in natural gas resources, but the country is open to making investment [in petrochemical projects] where there is abundant gas supply and access to international waters,&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uzbekistan Open to Invest in Iran&#039;s Petrochemical Sector - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/uzbekistan-open-to-invest-in-irans-petrochemical-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uzbekistan Open to Invest in Iran&#039;s Petrochemical Sector - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Uzbekistan is willing to have a stake in Iran&#8217;s petrochemical ventures around the Persian Gulf, the head of the National Petrochemical Company said on Wednesday. &#8220;Uzbekistan is rich in natural gas resources, but the country is open to making investment [in petrochemical projects] where there is abundant gas supply and access to international waters,&#8221; 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