Morteza Shahmirzaee stated at a information briefing of the 14th Worldwide Convention of Iran’s Petrochemical Business that the manufacturing capability of Iran is at the moment 92 million tons and can enhance by 3 tons by the tip of this yr to hit the 95 million ton milestone.
Shahmirzaee added that 10 new petrochemical initiatives might be launched this yr as properly, beginning this month.
He famous that every month, one petrochemical undertaking might be unveiled. The deputy oil minister pointed to the usage of knowledge-based firms within the petrochemical trade, saying at the moment, 70 petrochemical factories account for the manufacturing of 550 sorts of polymer and chemical merchandise.
Shahmirzaee stated the petrochemical trade counts as a downstream trade of the oil sector and creating added worth from upstream merchandise of the oil trade is carried out by petrochemical factories.
He underlined that Iran should transfer from crude gross sales to worth creation by changing crude and semi-crude merchandise as a result of the petrochemical trade serves because the driving pressure for different industries.
Shahmirzaee added that almost all of Iran’s oil and gasoline fields are within the second half of their life cycle and the utmost revenue mannequin ought to change most export of uncooked supplies.
This, in line with the deputy oil minister, will blunt the anti-Iran sanctions.