TEHRAN – The managing director of Iran’s National Petrochemical Company (NPC) said the country’s annual petrochemical production capacity will reach 200 million tonnes in the next 10 years, which will generate $180 billion in annual revenue for the country. , Shana reported Thursday.
Morteza Shamirzaei said on the National Petrochemical Industry Day television show that Iran is one of the richest countries in the world in terms of hydrocarbon reserves, which is an advantage for the country’s petrochemical industry. .
“Besides professional manpower, feed is also one of the most important factors for industry growth, and Iran benefits from its vast oil and gas reserves,” said Shahmirzaei. .
“Over the years, the petrochemical industry has been able to use these oil and gas reserves as feed and fuel, and it has been very well planned for that, and I know all the experts, researchers, We encourage investors to invest in the Iranian oil and gas industry,” the official added.
Petchem project worth $70 billion across Iran
Iran’s Oil Minister Javad Ozi also said more than 100 petrochemical projects with a total investment of about $70 billion will be defined and implemented across the country.
Oji said that by the end of his current government term (August 2025), the country will also be fully self-sufficient in the production of catalysts used in the petrochemical industry.
He puts Iran’s current petrochemical production capacity at 90-95 million tonnes and puts $10.5 billion worth of oil in the first nine months of the current Iranian calendar year (March 21-December 21). It states that petrochemicals were exported.
Proceeds from petrochemical exports last year exceeded $12.5 billion, according to the prince.
EF/MA
