Iran Eyes $12bn in Petrochemical Sales

Date: 29 December 2021 - 21:31

News ID: ۹۸۳۳۳

TEHRAN– Iranian Minister of Petroleum Javad Owji has said that petrochemical companies are estimated to deposit $12 billion in the NIMA system by the end of the current calendar year, which began on March 21.
Addressing a ceremony to mark the petrochemical day, he said that there are 67 active petrochemical units in the country that produce valuable products, adding: “Petrochemical plants have provided $9 billion to the Nima system since the beginning of the year and it is estimated that this figure will reach $12 billion by the end of the year.”
The Minister of Petroleum stated that the demand for petrochemical products in the world markets is a ostensible and that no matter how much we invest in this industry, it is still small.
Owji noted that 15,000 industrial units in the country are fed by petrochemicals, adding: “Today, about 80 million cubic meters are spent on fuel and feedstock in the petrochemical industry, which produces valuable products, and on the other hand, 600 million cubic meters per day is used in the domestic sector.”

‘$35bn Petrochemical
Projects Underway’

The CEO of the National Petrochemical Company Morteza Shahmirzaei also said: “We have about 70 projects underway in this industry, which are worth about 35 to 36 billion dollars, and with the help of the Petrochemical Research and Technology Company and knowledge-based companies, we can carry out these plans.”
Shahmirzaei said: “We have to show enthusiasm from within because there is no help that is expected from outside, and wherever work has been done on the basis of your self-esteem and initiative of scientists and experts.”
Shahmirzaei, noting that 50 million tons of petrochemical production capacity is to be added in the next few years, said: “We can calculate that through the upstream and downstream sector and the value chain …we can make a great difference in the country.”