Azerbaijan, Baku, Dec.23/ Trend F.Milad/
Iran plans to build 70 new petrochemical production units, the Iranian Oil Minister Rostam Qasemi said on Sunday.
Once all the units come on stream the nation's installed petrochemical production capacity would reach 100 million tons, the IRNA News Agency quoted Qasemi as saying.
Petrochemical sector is one of the most profitable industries of Iran and we can guarantee a 30-percent interest to the investors, he added.
According to the minister, the country's installed petrochemical production capacity is currently about 54 million tons.
Iran's total petrochemical products output stood at 27.4 million tons in the first eight months of current Iranian calendar year, which began March 20,
Ali-Mohammad Bosaqzadeh, an official with the National Petrochemical Company of Iran said.
Abdolhossein Bayat, the managing director of the National Petrochemical Company of Iran, said in August that the national petrochemical output is projected to be boosted by 5-5.5 million by the end of the current year.
Based on the reports, 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