The Research Center of the Parliament (Majlis) of the Islamic Republic of Iran has predicted that petrochemical output of the country will show a growth of 7.8 percent this year.
The Parliament Research Center, releasing a quarterly
function report on economic growth in the Iranian year of 1395 (2016-17), said
based on the statistics, released by the National Petrochemical Company (NPC)
of Iran, the petrochemical output last year and in the first four months of
this year were 46.4 million tons and 17 million tons respectively.
It predicted that the output will reach 50 million tons by
end of the current year (to end on March 20, 2017).
The report referred to falling petrochemical output in the
years of sanction and said the output started following upward growth.
Meanwhile, Deputy Minister of Petroleum for Petrochemical
Affairs and Managing Director of National Petrochemical Company (NPC), Marzieh
Shahdaie, said recently that the petrochemical industry had in the past three
years, showed about 15.5 percent growth in the past three years and seven
percent last year.
Shahdaie said petrochemical exports showed 46 percent growth
in the past three years and 12 percent last year.
The increase in the exports had been due to operation of the
petrochemical projects in the past two
Seven petrochemical projects in Takhtjamshid facility of
Mahshar, in Lorestan petrochemical facility, the sulfuric acid project in
Orumieh, the phase two of Kavian petrochemical facility, the ammonia project in
Marvdasht, the glycol ethylene Morvarid project, and Mahabad petrochemical
project added about four million tons to the petrochemical capacity at a cost
of about 2,200 million euros.
By end of this year, seven more projects, including phase
one and two of West Ethylene Pipeline, phase two of Karoon Petrochemical
facility, Kordestan polyethylene, phase three of Pardis petrochemical facility,
Entekhab petrochemical facility, Takhtjamshid Pars Asaluyeh petrochemical
facility and Dalahu petrochemical facility, will be completed and put into
Based on the NPC schedule, 55 projects should be
operational, out of which 15 are operational and 40 will remain, whose
completion by next five years will need an investment of 20 to 22 million
According to Shahdaie, for the next 10 years, 28 new
projects with an estimated value of 30 billion euros are planned, needing
foreign investment. To this end, the NPC’s policy is encouraging foreign
companies to be present in Iran.