Iran raising petrochemical production

Photo: Iran raising petrochemical production / Oil&Gas

Iran's petrochemical production capacity has risen by 28 million tons in recent years, on official at the National Petrochemical Company (NPC) announced.

NPC Production Manager Ali Mohammad Bossaqzadeh said since 2005, that is when President Mahmoud Ahmadinejad ascended to power, 31 petrochemical projects had become operational that raised the country's petrochemical capacity by 28 million tons, Fars News reported.

Kermanshah polymer plan, the first phase of West Ethylene Pipeline and Kavian petrochemical plant will come online in near future, Bossaqzadeh said.

He noted that Mahabad and Kordestan petrochemical plants' progress was satisfactory as well, adding that "these national plans have experiencing a high jump in their construction".

"Fortunately, needed funds for the development of these projects have been provided and the needed tools and equipment have been supplied for them," he added.

Earlier the official had said that two billion dollars of foreign exchange and 10,000 billion rials of National Development Fund's resources had been earmarked to petrochemical projects.

17 Mehre Mandegar projects are underway in the petrochemical sector of which six projects have made progress between 90 to 99 percent while the other 11 projects' progress stand at 50 to 80 percent.

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