Rouhani Administration behind Petchem Industry: Spokesman

Rouhani Administration behind Petchem Industry: Spokesman
(Thursday, March 15, 2018) 11:20

TEHRAN (NIPNA) -- The government spokesman voiced Rouhani administration’s support for the petrochemical industry of Iran.

Mohammad Bagher Nobakht, addressing a weekly press conference on Tuesday, told reported: “Although most sectors of the petrochemical industry have been privatized, the government supports the industry through various means, including the National Development Fund or through the Economic Council.”

He said the administration will tap such resources in order to finance petrochemical projects or facilitate attraction of fresh investment in the sector.

Iranian petrochemical plants exported over 20.2 million tons of products by the end of Bahman (11th month in Iranian calendar, January 21-February 19), generating a nearly 11 billion dollars in revenue.

The plants operating at Pars Special Economic Energy Zone in southern Iran supplied over 10.2 million tons of items during the period worth roughly 5.2 billion dollars during the period.

Also the facilities operating in Mahshahr Petrochemical Zone, southwestern Iran, supplied over 5.5 million tons of petrochemical valued at around $3b.

The plants being run in other parts of the country also supplied 4.4 million tons of items with an estimated value of $2.3b during the same period.

Zagros Petrochemical Plant was the most prolific petrochemical facility with 2.6 million tons of export, while Noori Petrochemical Company was Iran’s most lucrative petrochemical plant by generating $1.6b of revenue during the period.

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