Speaking on Saturday, he said by
the next 5 years, Iran would have completed projects with a total value of 30
billion dollars, adding investment opportunities up to $40b would be available
in the Iranian petrochemical industry by then.
Addressing a conference on
financing oil projects, Zangeneh said none of the projects devised to be built
in Iran by 2024 were behind the schedule and their financiers were able to
He said plans for nearly $12b of petrochemical
projects had been finalized in the country but their development had not begun
The official further said that
with $20b of investment petro-refining projects would also be completed in the
country, adding all the investment would be carried out by private companies in
the petrochemical and petro-refining projects, and only a small part of the
projects would be financed by semi-state companies.