Iran Press/Iran news: Addressing a gathering of senior petrochemical executives in the northeastern city of Mashhad on Tuesday, Behzad Mohammadi said the industry in Iran had continued on its path despite the restrictions imposed by sanctions, adding that investments contribute to growth and dynamism of every economy.
He said Iranian petrochemical producers needed to balance their output in order to survive in the intensely competitive global market, Iran Press reported.
56 active petrochemical plants in Iran are now consuming an equivalent of 650,000 b/d of crude oil as feed, he said, adding the number of plants would jump to 83 by 2021, consuming an equivalent of 1.4 mbd of crude oil as feed.
Mohammadi also added that the number of operational plants in the country would climb to 109 by 2025 which would consume an equivalent of 1.7 million barrels per day of crude oil.
The NPC CEO further said that Iran’s annual petrochemical revenue had reached $17 billion from only $200,000 back in 1979, the year the Islamic Revolution triumphed. He also said the sector's revenues would exceed 37 billion dollars per year by 2025.
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