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12 September 2011
Russia expects new commercial offers from Iran for gas-chemical project - Shmatko

BUSHEHR. Sept 12 (Interfax) - Russia expects new commercial offers from Iraq for a gas-chemical project, Energy Minister Sergei Shmatko told journalists on Monday.

Shmatko said that "Russia has questions regarding the commercial offers" for the construction of a gas-chemical project in Iran. "This idea has not died. It is being discussed. For instance, operational terms and actual offers are under discussion," he said.

He added that Iran is interested in developing its gas market. "There are significant prospects there. Therefore a gas-chemical facility is very appropriate," Shmatko said.

It was earlier reported that SIBUR Holding planned to take part in gas-chemical projects in Iran. The company has already discussed partnership with Iran's National Petrochemical Company (NPC) in petro-gas-chemical operations, primarily at the Southern Pars field. However, both companies have yet to announce actual agreements. According to NPC head Abdol Hossein Bayat, the company might take part in the construction of the Khalije Fars petrochemical plant (the Olefin-12 project) and a petrochemical plant in Bushehr (Olefin-16), as well as the production of ammonia and carbamide.