18 Petchem Projects Online by 2021

(Friday, May 3, 2019) 00:22

TEHRAN (NIPNA) -- Iranian Minister of Petroleum Bijan Zangeneh said that 18 petrochemical projects would come on-stream within the next two year.

Addressing the opening ceremony of the 24th Tehran Oil Show, Zangeneh said 18 petrochemical projects would come online during the current Iranian calendar year which began on March 21 and the following year to March 2021.

Given enhanced production of ethane in the country, all the olefin units in the country can be fed by feedstock.

He said the projects with more physical progress were priorities over other ones for development.

Once operational, the projects would bring Iran’s petrochemical output to 50 million tons per year, generating 36 billion dollars based on the current prices, he argued.

“Enhanced production could be translated into more demand for engineering and commodity services,” he added.

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لوگو- نیپنا

National Petrochemical Company