Speaking at the 14th Iran Petrochemical Forum (IPF),
Amora pointed out that the consumption of urea fertilizer has now reached 288
million tons globally, and Iran is one of the main producers in the GECF.
Amora stressed that the development of the
petrochemical industry, particularly in downstream industries, is crucial for
gas exporters, as it can generate diverse income streams.
He added that the petrochemical industry is
capital-intensive, and the return on investment in downstream sectors is faster
compared to other industries.
The GECF senior expert also noted that Iran,
Saudi Arabia, and the United States are currently the largest major exporters
of methanol in the world, and the consumption of this substance is on the rise.
He emphasized that methanol could be one of the
main income-generating potentials in the future, and called for the development
of its chain.
Amora went on to highlight the increase in the
consumption of chemical fertilizers, particularly in African countries. He
stated that most African countries are interested in investing in the field of
urea fertilizer, which is a significant opportunity for Iran's petrochemical
The 14th IPF International Conference is a two-day
event that kicked off on Monday in Tehran. It is a platform for stakeholders in
the global petrochemical industry to discuss market trends, technologies, and
investment opportunities. The conference also aims to promote cooperation and
development in the petrochemical sector.
Iran is a leading player in the petrochemical
industry, with vast reserves of oil and natural gas. The country has made
significant strides in recent years in developing its petrochemical sector, and
the government has set a target of producing 130 million tons of petrochemical
products annually by 2025.