Iran to Launch $2b Petchem Projects by April

Iran to Launch $2b Petchem Projects by April
(Monday, February 5, 2018) 16:25

TEHRAN (NIPNA) -- Iranian Minister of Petroleum Bijan Zangeneh says the country is poised to start up several petrochemical projects by late March or April 2018 with a total investment of 2 billion dollars.

Addressing a press conference to mark the anniversary of the victory of the 1979 Islamic Revolution, the official said that 6 South Pars phases will come online next calendar year beginning on March 21.

He further said that 6 million tons of petrochemicals is estimated to be sold on the domestic market, adding domestic consumption for petrochemical feedstock is also expected to grow by 17% year-over-year.

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