Official Underlined Steady Growth of Iran’s Petrochemical Sector
Abbaszadeh said that the petrochemical sector owes its growth to the natural blessings like abundant oil and gas resources, adding that the development of the petrochemical sector, in turn, has created fertile ground for the growth and advancement of other industries, contractors, and consultants.
"Current installed production capacity of the petrochemical industry stands at 100 million tons annually and is expected to rise to 130 million tons by achieving the 7th national development plan targets," he added.
"The petrochemical industry participants are requested to seriously pursue investment in the sector so that we will be able to materialize the directives of the Supreme Leader on achieving 8 percent economic growth," Abbaszadeh said.
"We are certain that this goal will be achieved given the previously made plans and the petrochemical industry will also be able to achieve the target of 8 percent growth annually throughout the years of implementing the 7th national development plan,” he added.
In relevant remarks in September, CEO of the National Petrochemical Company (NPC) Morteza Shahmirzayee had also announced that Iran’s petrochemical industry has gained independence and self-sufficiency in production of catalysts after 116 years.
Shahmirzayee made the remarks, addressing the opening ceremony of the 18th Iran Plast International Exhibition held in Tehran on September 8-11.
Before 1979, the country’s petrochemical sector with just five petrochemical plants was fully dependent on foreigners from designing to production, he said.
Shahmirzayee further said that Iran’s petrochemical sector owes 95 percent of its progress to after-revolution activities, adding the sector has taken great steps in the direction of domestic production of its technical know-how needs.
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