A member of the Iran Chamber of Commerce, Hamid Hosseini, told a conference on Monday that in no other eras in Iran’s economy, there has been such a consensus between legislators, operators and the private sector in the country.
He said being second to none in possessing hydrocarbon reserves, exquisite strategic situation, skilled workforce and access to high seas and international export terminals are some of the features that have made Iran’s petrochemical industry a luring investing destination for international financiers.
He said based on the 6th development plant of the country, Iran’s total petrochemical output will more than double by 2021 while 900,000 barrels/day of gas condensate will be processed at Persian Gulf Star and Siraf condensate refineries by then.
Hosseini said Iran is transitioning from a state-oriented supplier of crude materials to a market-geared product-selling economy.