€610M allocated for two Iranian petrochemical projects
Baku, Azerbaijan, Dec. 29
By Fatih Karimov - Trend:
Iran has allocated €610 million for completing two petrochemical projects, Darioush Divdideh, Director of Kohgilouyeh and Boyerahmad Province's Industry and Mine Department, said.
Divdideh said the fund will be spent to complete petrochemical complexes in the cities of Gachsaran and Dehdasht, Iran's IRNA news agency reported on Dec. 29.
Kohgilouyeh and Boyerahmad Province is in the southwest of the country.
The two petrochemical complexes are now complete by 32 percent and 5 percent, the official said.
Construction of The two petrochemical complexes started in 2004 and 2007, respectively.
Abbas Sheri-Moqaddam, Managing Director of Iran's National Petrochemical Company, said on Dec. 10 that Iran plans to add 2 million metric tons to its petrochemical output in the next fiscal year (will begin on March 21, 2015).
Four petrochemical projects will come on stream next year, which will add 2 million metric tons to the country's petrochemical output, he said.
The country's nominal petrochemical production capacity is 54 million metric tons.