TEHRAN (Iran News) – Iran’s petrochemical complexes produced more than 25 million tons of petrochemical products during the first five months of the current Iranian year (March 20-August 21, 2020), which shows a six percent increase compared to last year.
Seyyed Jalal Mirhashemi, the production control manager of the National Petrochemical Company (NPC), also said on Monday that “Many complexes have witnessed production growth, and in general, with the efforts of our country’s petrochemical industry, it is predicted that a leap in the petrochemical industry will be achieved by March 20, 2021,” IRNA reported.
He added that the petrochemical industry, as an upstream industry, is one of the most important pillars of development and the driving force of various sectors of the country’s economy.
The approach of the NPC is to complete the supply chain, diversify products, provide food for domestic industries, as well as increase the value of products in the petrochemical industry, said Mirhashemi.
The official stated that this year, considering the potentials and ongoing measures, the ground is paved for the realization of the production leap in the Iranian petrochemical industry.
In addition to launching and operating new projects, maximum utilization of the production capacity of petrochemical complexes is on the agenda, he concluded.
Iranian President Hassan Rouhani opened several major energy projects in the country in August, a fresh sign that US sanctions have failed to cause a minimum halt to the expansion of the Iranian oil and gas sector.
The five projects unveiled by Rouhani on August 24 were worth $5.6 billion according to a report by IRNA, which said that private investors had contributed to a part of finances needed to finish the development schemes.
The projects included two gas transfer pipelines that would carry natural gas from production facilities on the Persian Gulf to western and northwestern regions of Iran for the purpose of domestic consumption and export.
Iran’s Oil Minister Bijan Namdar Zanganeh said the pipelines and a dispatching station, also unveiled on August 24, had cost $3.66 billion, including $1.5 billion in finances provided by private investors.
A $1.57-billion petrochemical plant in the city of Bushehr, and a $377-million power plant to supply electricity to expanding oil production facilities near the Iraqi border in Khuzestan Province also came on line.
- source : Iran Daily
