Iran saw its petrochemical output grow by 7.5 million tons/year under Iranian President Hassan Rouhani, a petrochemical official said.
Addressing a press conference on Wednesday, Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei said the country’s petrochemical production capacity rose by 16% under President Rouhani who took office in 2013.
Iran’s total petrochemical production capacity rose from 55.7 mt/y in 2012 to 64.1 mt/y in 2016.
Furthermore, export of petrochemicals has risen from 15.8 mt/y to 20.2 mt/y in 2016, she added.
Marziyeh Shahdaei, who is also deputy petroleum minister in petrochemical affairs, said 20 petrochemical projects became operational during Mr. Rouhani’s president which added 7.5 million tons to the country’s total annual petrochemical production capacity.
She also said that West Ethylene Pipeline, a major project to feed petrochemical facilities in western Iran, will become operational by the end of the current Iranian calendar year to March 20.
Shahdaei said 50 petrochemical projects are being constructed in Iran with 41.3 million tons of annual production capacity.
Completion of the projects will need 23 billion dollars in investment, she said.
The official said NPC has defined 30 projects to be completed under the 6th development plan that is set to be set in motion next calendar year starting on March 21.
She said five of the projects will concern upstream petrochemical projects which would be financed by $8.5b and will be developed by petrochemical holding companies
She said another 22 projects with 37.1 million tons of production capacity have also been defined by NPC which will be completed by the end of the 7th Development Plant of the country.
The NPC chief also said that Iran’s total petrochemical output is expected to reach 64 million tons by the end of the calendar year to March 20.