Iran calls domestic banks to invest in 60 petrochemical plans
Azerbaijan, Baku, April 28 / Trend F.Milad /
Some 60 petrochemical plans have been introduced to domestic banks in order to be financed, the managing director of the National Petrochemical Company (NPC) of Iran said.
Abdolhossein Bayat told the Shana News Agency that 70 plans are projected to be implemented by 2015, which marks the end of the fifth five-year development plan.
Oil Minister Rostam Qasemi has emphasized on developing the petrochemical sector as an industry with high advantages, saying that investors in this sector should be offered special facilities.
Iran exported some $14 billion worth of petrochemical products to 60 countries in the previous calendar year, which ended on March 19, Bayat said on April 10.
He added that $10.5 billion of oil incomes will be allocated to the development of petrochemical industries, the Pana News Agency reported.
Iran has developed 69 plans to boost its petrochemical output from this year's 54 million tons to 100 million tons in 2015.