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Kharg Petrochemical Company

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29°14′42″N 50°18′36″E / 29.24500°N 50.31000°E / 29.24500; 50.31000

Kharg Petrochemical Company
شرکت پتروشیمی خارگ
Company typePublic company
TSE: PKHA1
ISIN: IRO1PKHA0001[1]
IndustryPetrochemical industry
Founded1965
FounderNational Petrochemical Company
HeadquartersKharg Island, Iran,
Tehran
,
Iran
ProductsMethanol
Propane
Butane
Sulfur
Pentane
Websitewww.khargpetrochemical.ir

Kharg Petrochemical Company (Persian: شرکت پتروشیمی خارگ, romanized: Sherkat-e Petroshimi-ye Kharg), is an Iranian petrochemical company in Kharg Island, a continental island of Iran in the Persian Gulf.[2][3][4][5][6][7][8][9][10][11][12][13][14][15][16]

History

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A gas flare and pipelines of Kharg Petrochemical Company

The Khark Petrochemical Company was established on Kharg Island in 1965, originally named the Khark Chemical Company. Its primary purpose was to recycle sour gas and various byproducts from Iranian offshore oil well gases, including propane, butane, naphtha, and sulfur. The company was founded as a 50/50 joint venture between NIOC and Amoco. An American company, J.E. Prichard, developed the initial engineering design for the operational units, while Chiyoda executed the construction and installation. Construction began in early 1967, and the facility was commissioned in 1969. Over time, the company expanded its operations to include methanol production, with its methanol plant. The construction of the methanol plant, designed by Lurgi AG, began in 1994. This factory was put into operation in 1999. The company was converted into a public company on September 11, 1996, and listed on the Tehran Stock Exchange on January 16, 1999, as "PKHA1".[17][18] [19][20][21][22][23]

Products

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The Kharg Petrochemical produces sulfur, propane, butane, pentane, and methanol by purifying sour gases extracted from the Iranian offshore oil wells.[24]

Sanctions

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In 2022, the United States Treasury Department sanctioned Kharg, Marun, and Fanavaran petrochemical company in order to target the export of Iranian prochemical products.[25][26][27][28][29][30][31][32][33] [34]

See also

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Notes

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  1. ^ "Khark Petrochemical, акция обыкновенная (IRO1PKHA0001)". InvestFunds.ru (in Russian). Retrieved September 24, 2024.
  2. ^ "KHARG ISLAND iii. Developments since the 1950s". Iranica encyclopedia. September 15, 2015. Retrieved September 24, 2024.
  3. ^ "Khark Petchem Plant to Launch Project for Collecting Associated Gases". Shana: Petro Energy Information Network. November 27, 2019. Retrieved September 24, 2024.
  4. ^ "Khark Petchem Plant Eyes Enhanced Output". Shana: Petro Energy Information Network. December 15, 2019. Retrieved September 24, 2024.
  5. ^ "Fire at Khark Petrochemical Plant Contained". Shana: Petro Energy Information Network. November 21, 2020. Retrieved September 24, 2024.
  6. ^ "Victim of Khark Petrochemical Accident Dies". Shana: Petro Energy Information Network. November 21, 2020. Retrieved September 24, 2024.
  7. ^ "Fire contained at Khark Petchem Plant". Shana: Petro Energy Information Network. August 10, 2021. Retrieved September 24, 2024.
  8. ^ "Sales of Iran's Kharg Petrochemical Company up". Trend News Agency. December 23, 2023. Retrieved September 24, 2024.
  9. ^ "Sales of Iran's Kharg Petrochemical Company up". Iran News Daily. February 29, 2020. Retrieved September 24, 2024.
  10. ^ "Methanol manufacturers in Iran". smartcatalyst.ir. Retrieved September 24, 2024.
  11. ^ "MAPNA Wins Kharg Petrochem High-Pressure Boiler Tender". mapnagroup.com. August 2, 2021. Retrieved September 24, 2024.
  12. ^ "Kharg Petrochemical Revenues on the Rise". Financial Tribune. December 25, 2017. Retrieved September 24, 2024.
  13. ^ "Kharg Petrochemical Co. output exceeds nominal capacity". Tehran Times. January 14, 2009. Retrieved September 24, 2024.
  14. ^ "Kharg ethylene plant moves to Assaluyeh". MEED. May 3, 2006. Retrieved September 24, 2024.
  15. ^ "Khark's net profit increased 35% in the spring of 2024". rahbordenergy.ir. August 2, 2024. Retrieved September 24, 2024.
  16. ^ "Fire breaks out at Iranian petrochemicals plant, no casualties". Al Arabiya. August 10, 2021. Retrieved September 24, 2024.
  17. ^ "تاریخچهٔ تأسیس". khargpetrochemical.ir (in Persian). Retrieved September 24, 2024.
  18. ^ "پتروشیمی خارک". khwarizmico.com (in Persian). Retrieved September 24, 2024.
  19. ^ "شرکت پتروشیمی خارک". شرکت سرمایه‌گذاری صندوق بازنشستگی کشوری (in Persian). Retrieved September 24, 2024.
  20. ^ Dreyfuss, Robert (November 11, 1980). "The International Stakes in the Iran-Iraq conflict". Executive Intelligence Review. Archived from the original on January 17, 2016.
  21. ^ Iran Almanac and Book of Facts. Echo of Iran. 1976-01-01. Archived from the original on 2016-01-17. Retrieved 2016-01-14.
  22. ^ Moody's Municipal & Government Manual. Moody's Investors Service. 1979-01-01. Archived from the original on 2016-01-17. Retrieved 2016-01-14.
  23. ^ Commerce, United States Bureau of International (1977-01-01). Iran: a survey of U.S. business opportunities. U.S. Dept. of Commerce, Domestic and International Business Administration, Bureau of International Commerce ; for sale by the Supt. of Docs., U.S. Govt. Print. Off. kharg petrochemical fertilizer.
  24. ^ "Products". khargpetrochemical.ir. Retrieved September 24, 2024.
  25. ^ "Sanctions List Search". OFAC. Retrieved September 24, 2024.
  26. ^ "Kharg Petrochemical Company Limited". Open Sanctions. Retrieved September 24, 2024.
  27. ^ "KHARG PETROCHEMICAL COMPANY LIMITED". LURSOFT. Retrieved September 24, 2024.
  28. ^ "Treasury Targets International Sanctions Evasion Network Supporting Iranian Petrochemical Sales". U.S. Department of the Treasury. June 16, 2022. Retrieved September 24, 2024.
  29. ^ "US sanctions Iran petrochemical network". TV7 Israel News. June 20, 2022. Retrieved September 24, 2024.
  30. ^ "U.S. pressures Iran by targeting Chinese, UAE companies". Reuters. June 17, 2022. Retrieved September 24, 2024.
  31. ^ "US pressures Iran by targeting Chinese, UAE companies". The Indian Express. June 17, 2022. Retrieved September 24, 2024.
  32. ^ "US pressures Iran by targeting Chinese, UAE front companies". Arab News. June 17, 2022. Retrieved September 24, 2024.
  33. ^ "US continues crackdown on Iranian petroleum exports with fresh round of sanctions". TradeWinds. February 9, 2023. Retrieved September 24, 2024.
  34. ^ "U.S. Sanctions Oil Smuggling Network". United States Institute of Peace. November 17, 2022. Retrieved September 24, 2024.
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