Speaking to reporters
on Tuesday, the official said the projects would yield $6 billion worth of
He also stated
that the plants would add 10 million tons to the country’s annual petrochemical
Minister of Petroleum further said that sale of feedstocks to downstream petrochemical
facilities fell by 40% in the previous calendar year, indicating inactivity in
the sector which would hopefully be recovered soon.
He also stated that
projects concerning leading petrochemical projects were being defined in the Iranian
Ministry of Petroleum and would soon be presented as documents.
“We will require
the private sector to run the projects; to this end, the private sector
developers will need to be encouraged by incentives,” he said.
further stated that he expected Iran’s natural gas output would cross 1 billion
cubic feet per day in the current Iranian calendar year.