Iran Petchem Industry Booming

Iran Petchem Industry Booming
(Monday, January 27, 2020) 16:29

TEHRAN (NIPNA) – Iranian Minister of Petroleum Bijan Zangeneh said the country’s petrochemical industry was on the progressing trail, adding the country expected to bring its output to 100 million tons/year from currently 66 mt/y by 2021.

Speaking to reporters following a meeting with Tehran University academia to review the latest achievements of the university in carrying out studies on oil and gas fields, Zangeneh said that Iran expected to enhance its petrochemical revenues to 27 billion dollars per annum by 2021.

He further said the year would be marked for materialization of the second leap in the petrochemical industry of Iran, adding the third leap would begin afterwards and would reach fruition by 2025.

Iran has planned to bring its petrochemical production capacity to 130 mt/y by the year. 

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