Should we now discount Iran’s Olefins No 11, 12 and beyond?

Middle East, Olefins, Polyolefins, Projects

The news that Iran is accelerating its uranium enrichment process brings the country closer to United Nations sanctions and quite possibly a military strike by the US or Israel.
The No 9 and No 10 Olefins projects are far too progressed to be cancelled – the plants are virtually complete and the only issues remaining are achieving a smooth commissioning process (no straightforward task in Iran) and sorting out utilities problems.
But what of Olefins, No 11, No 12 and No 13 etc? Will any foreign engineering and construction company and technology supplier be prepared to sign on the dotted line as the prospect of sanctions or military action becomes increasingly likely?
If you take these crackers out of olefins and polyolefins balances what will this mean or the timing of the next downturn? Answers, please. No 11-No 13 were supposed to be on stream in 2008.

PREVIOUS POST

Iran could stop exporting oil by 2015

22/02/2007

Quota cheating, lack of investment in oil infrastructure and incredibly low dome...

Learn more
NEXT POST

Is Indonesia poised to take off?

26/02/2007

I can just about remember when Indonesia was talked about in the same breath as ...

Learn more
More posts
Vietnam polyethylene demand boom may not last because of infrastructure pressures
13/11/2019

By John Richardson LET’S start with some good news: Vietnamese polyethylene (PE) demand looks set ...

Read
Shift in supply chains away from China adds costs, complexities and risks for petrochemicals
11/11/2019

By John Richardson AS PETROCHEMICALS and other manufacturers scramble to relocate their businesses a...

Read
IMF confirms global economy all about China as US threat to growth persists
08/11/2019

By John Richardson DON’T SAY I didn’t tell you. An important new IMF study confirms what I’ve ...

Read
India must forget trying to follow China and should instead launch a Green New Deal
03/11/2019

By John Richardson DON’T WORRY, I am told, India is on the way. As China undergoes major structura...

Read
China’s polyethylene indigestion persists as margins point to major downturn
30/10/2019

By John Richardson CHINA’S POLYETHYLENE (PE) market continues to display signs of chronic indigest...

Read
China’s inland petrochemicals demand will never come anywhere close to coastal levels
28/10/2019

By John Richardson ONE DIMENSIONAL analysis of China would have you believe that as per capita incom...

Read
US ethylene glycols: Diversifying away from China may prove impossible
23/10/2019

By John Richardson US BUSINESSES are making arrangements to diversify their supply chains away from ...

Read
The US places heavy bets on LLDPE at a time of demand erosion
21/10/2019

By John Richardson IT IS a remarkably single product-focused strategy given the exposure of linear-l...

Read

Market Intelligence

ICIS provides market intelligence that help businesses in the energy, petrochemical and fertilizer industries.

Learn more

Analytics

Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets.

Learn more

Specialist Services

Find out more about how our specialist consulting services, events, conferences and training courses can help your teams.

Learn more

ICIS Insight

From our news service to our thought-leadership content, ICIS experts bring you the latest news and insight, when you need it.

Learn more