Projects Monitor

Covering major construction projects in the Middle East

Updated: 14Mar12

NPC - Hormuz Petrochemicals Plant
Country	:	Iran
Project Value	:	USD 800,000,000
Sector	:	Petrochemicals \| Fertilizers
Profile Type	:	Standalone Project

Phase:
Planning

Completion: 2015

Owner	:	National Petrochemical CompanyNational Petrochemical Company - Iran
Location	:	Assaluyeh, Iran
Contract Type	:	EPC - Engineering, Procurement, Construction
Facility Type	:	Urea and ammonia plant
Capacity	:	1 million t/y ammonia 650,000 t/y urea

Background

() plans to construct a fertilizer plant in Assaluyeh, Southern Iran.

The project comprises a petrochemicals plant with a production capacity of 1 million t/y ammonia and 650,000 t/y urea.

Expected Events

Schedule	Contract Phase/Phase	Description
Q2 2012	Planning	NPC expected to select new partner
2015	Completion	Project expected to be completed

Latest Events

In Q2 2012, the is expected to select a new partner for the project.

In 2015, the project is expected to be completed.

Previous Events

In Q4 2011, () withdrew from the project.

In March 2011, was awaiting for to confirm its participation in the project.

In August 2009, () and () signed an MOU to construct Hormuz fertilizer plant.

Scope of Work

Construction of urea and ammonia production plant.

Financing Source

The project will be financed on a 50:50 basis from the partners of the Joint Venture.

Project Schedule

Schedule	Contract Phase/Phase	Description
Aug 2009	Announcement	MOU signed between NPCNPC and OOCOOC
Q4 2011	Study	OOCOOC withdrew from the project
Q2 2012	Planning	NPCNPC expected to select new partner
2015	Completion	Project expected to be completed

National Petrochemical Company
Owner

National Petrochemical Company Building, Sheikh Bahali Street, P.O. Box 19395-6896, Tehran, Iran, Tehran
Tel: +98 21-8805-9760,+98 21-8805-9789,+98 21-8805-9778 | Fax: +98 21-8805-9701 | Email: webmaster@nipc.net | Website: http://www.nipc.net