Iran to Open 18 Pet-Chem Projects in Chabahar Port

TEHRAN (FNA) - Iran will complete construction process for as many as 17 petrochemical plants in the Southeastern port city of Chabahar by 2024, a local official said, adding that the projects will increase the country’s pet-chem output by 4.6 million tons.

Chief Executive of Infrastructure Supply Company of Chabahar Free Trade Zone Mehdi Kouhi announced on Monday that the 6 six units will be fully tapped by 2022 with an output capacity of 1.6 million tons, adding that the next 2 phases, the first comprised of 6 other units and the last made up of 5 units, will come on stream in 2023 and 2024 respectively.

Last month, Caretaker of the Planning and Development Management of Iran’s National Petrochemical Company (NPC) Ali Asqar Goudarzi Farahani said that the country is expecting two leaps in its petrochemical production in 2021 and 2025 to hit the yearly output of 133 million tons in 5 years.

A week earlier, Iranian Oil Minister Bijan Namdar Zanganeh had said that his country is working on the development of refineries and petrochemical complexes along Makran coasts, a region comprising about 1,500 km of shoreline along the Sea of Oman and the Indian Ocean.

Zanganeh had announced in mid-September that the country has made great progress in the production of different petrochemicals and will further expand its capacities in future.