Iran Eyes Major Petchem Development by Launching New Projects

Iran Eyes Major Petchem Development by Launching New Projects
(Sunday, May 13, 2018) 16:05

TEHRAN (NIPNA) -- A former CEO of the National Petrochemical Company (NPC) says by the time several unfinished petrochemical projects come on-stream, Iran will witness a major development in the industry.

Speaking to NIPNA, Abbas Shari-Moqaddam said Iran's petrochemical industry was on the path to progress and domestic capabilities were tapped to develop the sector.

He said blocking imports to the sector would not be very advantages for its development, adding, "Rather, the barriers to the sector's flourishment must be identified and government officials be aware of the difficulties of producers."

As an example, a producer needs to undergo a lot of red tape in order to obtain a permit to launch a simple unit, he said, adding the government can be helpful by lubricating processes for the interested industrialists willing to operate in the sector.

Iran currently has the capacity of production 64 million metric tons of petrochemicals annually while it supplied around 56 million tons last calendar year which ended on March 20.

Email is required
Characters left: 500
Comment is required