Gholam-Hossein Nejabat said his company would invest the huge sum in 27 petrochemical projects during the Fifth Plan, out of which 9.2 billion dollars would be funded by hard currencies.
“The investment helps the sector increase the petrochemical out by 33.7 million tons during the plan,” predicted the official.
Nejabat said 24 petrochemical projects with a 14.8 billion dollar fund had been included in the Fourth Five-Year Development Plan (2005-2010), with some becoming operational.
The NPC head said 13 petrochemical projects would come on stream in the current year, adding three of them were ready for inauguration.
“At present,
“The country’s world share is 0.9 percent, which is predicted to reach 6.3 percent by 2015.
“According to the Fifth Plan,
Petrochemical products accounted for the highest share of non-oil goods
Totally 42.2 percent of the weight and 38.6 percent of the value of exported non-oil products belonged to petrochemicals.
The country exported 14,236,800 tons of petrochemical products, valued at 6.11 billion dollars, during the yearlong period, showing 115.5 and 140.8 percent increases in terms of weight and worth respectively when compared to those in their preceding year.
According to the Customs Administration, gas liquids (propane, butane), polyethylene, methanol, benzene, and different types of tar were the main petrochemicals exported abroad as they constituted 81 percent of the revenues fetched by petrochemical products.
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