Iran expects 10mt/y rise in petchem production capacity by 2017: Official

TEHRAN, March 09 (Shana) — Iran will see its petrochemical output rise by 10 million tons per year by the end of first term of President Rouhani in 2017, a petrochemical official said.

Hamid Reza Rostami, director of planning at National Petrochemical Company (NPC), told Shana that 28 projects from 55 unfinished petrochemical projects will come online by the end of the 6th five-year development plan in 2021 which will require $36b in investments.

He said $73b is needed for funding all the 55 projects.

He said a number of petrochemical projects will come on-stream during the next Iranian calendar year which begins on March 21.

Rostami said NPC welcomes partnership with foreign investors who enjoy the latest technologies and have a full grasp of the market.


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