25 June 2020 - 21:58
  • News Code: 304237
Iran Petchem Output to hit 3-digit Realm

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the country’s petrochemical output would reach 100 million tons per year by March 2022.

Bijan Zangeneh, today (Thursday, July 25) addressed a ceremony which was held to officially launch Miandoab Petrochemical Plant, and normal hexane production unit of Shazand refinery in Arak, inauguration construction of Goreh to Jask crude oil pipeline and an export terminal in Makran region in the presence of Iranian President Hassan Rouhani in a live video conference.

“Miandoab Petrochemical Complex is the first of 17 projects in the second leap of the petrochemical industry that will be inaugurated this year," Zangeneh said.

Noting that the value of Iran’s petrochemical production would increase from $12 billion in 2013 to more than double to $25 billion by the end of next calendar year, he added: "As the Supreme Leader in a meeting with producers on May 6 stressed completion of the projects and acceleration of the completion of the value chain, the value of these products will reach $37 billion by the end of 1404 (March 2026).”

The Minister of Petroleum stated that West Ethylene Pipeline was approved in 2002 to be laid from Assaluyeh, southern Iran, to Tabriz, northwestern Iran, as the longest ethylene line in the world with a length of 1,660 km.

He stressed: "This year, about 2 million tons of ethylene will be transferred through the West Ethylene pipeline, and Miandoab Petrochemical Project is one of the projects en route the pipeline."

The official further announced Iran’s ethylene output would reach 7 million tons per year by March 2021 of which 2 million tons would be injected into the West Ethylene pipeline.

News Code 304237


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