Petchem progress in line with Establishment policies: Zanganeh
TEHRAN, Dec. 30 (MNA) – Iran’s Oil Minister Bijan Namdar Zanganeh says the development of petrochemical plants is going on in line with the policies of the Islamic establishment of Iran to create jobs and prevent the sale of crude oil and gas.
Speaking on Monday during a meeting of Iranian President Hassan Rouhani with petrochemical industrialists on the occasion of the Petrochemical Industry Day, Zanganeh said, "The petrochemical industry has been well on its way to materializing these policies. Launching every petrochemical plant helps the progress of downstream industries while generating thousands of jobs and becoming a source of hope and development.”
He further said Iran’s petrochemical production capacity is expected to reach 100 mt/y by 2021 from currently around 54 mt/y, adding that the country will reap a total of $25 billion in petrochemical revenues by the year, almost twice as much as current figures.
Zanganeh said the Rouhani administration has set the grounds for the realization of the second and third petrochemical leaps of the industry in Iran.
According to him, the second leap in the petrochemical industry will end by 2021 and preparations for the third leap were made by the administration so that Iran’s petrochemical exports would reach $37b by the end of the administration.