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Iran’s Petrochemical Industry Needs $33bln Investment

  • July, 07, 2014 - 18:20
  • Economy news
Iran’s Petrochemical Industry Needs $33bln Investment

TEHRAN (Tasnim) – A senior Iranian official announced that the country needs to attract $33 billion in investment for financing petrochemical projects under construction.

Economy

Mohammad-Hassan Peyvandi, deputy head of Iran's National Petrochemical Company (NPC), said the petrochemical projects can bring $26 billion in revenues into the country.

He said 71 petrochemical projects are already underway in Iran with an average progress of 27 percent.

Petrochemicals account for 40 percent of Iran’s non-oil exports, Peyvandi said, adding that 12 to 15 petrochemical projects under construction are expected to come on stream within the next four years.

He went on to say that after completion, the projects would raise Iran’s petrochemical output by 10 million tons.

 
Read more
Iran to Inaugurate New Petrochemical Complex in Mahshahr by 2017
Iran’ Petrochemical Sector Safe Haven for Int’l Investors: Deputy Oil Minister
Iran Eyes Rise in Petrochemical Output by 2 Million Tons
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