Kharg Petrochemical Company Explained

Kharg Petrochemical Company
شرکت پتروشیمی خارگ
Type:Public company
Traded As:TSE

PKHA1
ISIN: IRO1PKHA0001[1]

Industry:Petrochemical industry
Founder:National Petrochemical Company
Foundation:1965
Hq Location City:Tehran
Hq Location Country:Iran
Location:Kharg Island, Iran
Products:Methanol
Propane
Butane
Sulfur
Pentane
Homepage:www.khargpetrochemical.ir

Kharg Petrochemical Company (fa|شرکت پتروشیمی خارگ|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

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

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

Sanctions

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

Notes and References

  1. Web site: InvestFunds.ru. Khark Petrochemical, акция обыкновенная (IRO1PKHA0001). September 24, 2024. ru.
  2. Web site: Iranica encyclopedia. en. KHARG ISLAND iii. Developments since the 1950s. September 15, 2015. September 24, 2024.
  3. Web site: Shana: Petro Energy Information Network. en. Khark Petchem Plant to Launch Project for Collecting Associated Gases. November 27, 2019. September 24, 2024.
  4. Web site: Shana: Petro Energy Information Network. en. Khark Petchem Plant Eyes Enhanced Output. December 15, 2019. September 24, 2024.
  5. Web site: Shana: Petro Energy Information Network. en. Fire at Khark Petrochemical Plant Contained. November 21, 2020. September 24, 2024.
  6. Web site: Shana: Petro Energy Information Network. en. Victim of Khark Petrochemical Accident Dies. November 21, 2020. September 24, 2024.
  7. Web site: Shana: Petro Energy Information Network. en. Fire contained at Khark Petchem Plant. August 10, 2021. September 24, 2024.
  8. Web site: Trend News Agency. en. Sales of Iran's Kharg Petrochemical Company up. December 23, 2023. September 24, 2024.
  9. Web site: Iran News Daily. en. Sales of Iran's Kharg Petrochemical Company up. February 29, 2020. September 24, 2024.
  10. Web site: smartcatalyst.ir. en. Methanol manufacturers in Iran. September 24, 2024.
  11. Web site: mapnagroup.com. en. MAPNA Wins Kharg Petrochem High-Pressure Boiler Tender. August 2, 2021. September 24, 2024.
  12. Web site: Financial Tribune. en. Kharg Petrochemical Revenues on the Rise . December 25, 2017. September 24, 2024.
  13. Web site: Tehran Times. en. Kharg Petrochemical Co. output exceeds nominal capacity. January 14, 2009. September 24, 2024.
  14. Web site: MEED. en. Kharg ethylene plant moves to Assaluyeh. May 3, 2006. September 24, 2024.
  15. Web site: rahbordenergy.ir. en. Khark’s net profit increased 35% in the spring of 2024. August 2, 2024. September 24, 2024.
  16. Web site: Al Arabiya. en. Fire breaks out at Iranian petrochemicals plant, no casualties. August 10, 2021. September 24, 2024.
  17. Web site: khargpetrochemical.ir. fa. تاریخچهٔ تأسیس. September 24, 2024.
  18. Web site: khwarizmico.com. fa. پتروشیمی خارک. September 24, 2024.
  19. Web site: شرکت سرمایه‌گذاری صندوق بازنشستگی کشوری. fa. شرکت پتروشیمی خارک. September 24, 2024.
  20. The International Stakes in the Iran-Iraq conflict.. Dreyfuss. Robert. November 11, 1980. Executive Intelligence Review. https://web.archive.org/web/20160117194027/http://www.larouchepub.com/eiw/public/1980/eirv07n44-19801111/index.html. January 17, 2016. live.
  21. Book: Iran Almanac and Book of Facts. Echo of Iran.. 1976-01-01. 2016-01-14. https://web.archive.org/web/20160117194027/https://books.google.com/books?id=KvgIAQAAIAAJ. 2016-01-17. live.
  22. Book: Moody's Municipal & Government Manual. Moody's Investors Service.. 1979-01-01. 2016-01-14. https://web.archive.org/web/20160117194027/https://books.google.com/books?id=pL4gAQAAMAAJ. 2016-01-17. live.
  23. Book: Commerce, United States Bureau of International. Iran: a survey of U.S. business opportunities. kharg petrochemical fertilizer.. 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.. 1977-01-01.
  24. Web site: khargpetrochemical.ir. en. Products. September 24, 2024.
  25. Web site: OFAC. en. Sanctions List Search. September 24, 2024.
  26. Web site: Open Sanctions. en. Kharg Petrochemical Company Limited. September 24, 2024.
  27. Web site: LURSOFT. en. KHARG PETROCHEMICAL COMPANY LIMITED. September 24, 2024.
  28. Web site: U.S. Department of the Treasury. en. Treasury Targets International Sanctions Evasion Network Supporting Iranian Petrochemical Sales. June 16, 2022. September 24, 2024.
  29. Web site: TV7 Israel News. en. US sanctions Iran petrochemical network. June 20, 2022. September 24, 2024.
  30. Web site: Reuters. en. U.S. pressures Iran by targeting Chinese, UAE companies. June 17, 2022. September 24, 2024.
  31. Web site: The Indian Express. en. US pressures Iran by targeting Chinese, UAE companies. June 17, 2022. September 24, 2024.
  32. Web site: Arab News. en. US pressures Iran by targeting Chinese, UAE front companies. June 17, 2022. September 24, 2024.
  33. Web site: TradeWinds. en. US continues crackdown on Iranian petroleum exports with fresh round of sanctions. February 9, 2023. September 24, 2024.
  34. Web site: United States Institute of Peace. en. U.S. Sanctions Oil Smuggling Network. November 17, 2022. September 24, 2024.

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