The Integration of Feed Source and End Product is the next generation wave of Oil, Gas and Petrochemical Industries, one that Iran almost is uniquely positioned to lead and engage in effective partnerships to leverage resources and results of this area. “Masjed Soleyman Bakhtiari Petrochemical Refinery Co. (MISBP)” is an entity formed to engage in a wide range of Oil, Gas and Petrochemical Industries including Upstream, Midstream and Downstream, in order to follow up this new scheme of integration of overall Feed to End Product chain a major project was define to process raw hydrocarbon gas in a gas refinery and then utilize the refined gas to produce petrochemical products.
Current Development of this Mega Project could be summarized as below:
•Formation MISBP Company.
•Acquisition of establishment permission of Petrochemical Refinery from Ministry of Industry, Mine and Trade.
•Signing EPC contract with Wuhuan Engineering Co. of China for full chain of production of the project.
•Signing of Joint Venture agreement with WEC for the execution of the project.
•Preliminary activities for start of project execution.