Addressing the 5th
Oil and Power Congress in Tehran on Tuesday, the official said currently there
are massive potentialities for development in the oil industry as it still
served as the driver of the Iranian economy.
He said the deals
were signed with the Persian Gulf Petrochemical Industries Company (PGPIC) and
Maroon Petrochemical Company.
“By development of
the petrochemical sector and downstream industries, the oil industry would
become more active,” he said.
said that the country expected the second leap in the petrochemical industry by
2021 and its third leap by 2025.
The third leap
in the industry would bring Iran’s petrochemical revenues from currently 27
billion dollars per year to 33 billion dollars, he added.