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Iran Petchem Industry Bracing for Leaps: Rouhani

Iran Petchem Industry Bracing for Leaps: Rouhani
(Monday, December 30, 2019) 16:35

TEHRAN (NIPNA) – Iranian President Hassan Rouhani said that the country’s petrochemical industry was expected to undergo two leap in the coming years massively adding to Iran’s petrochemical output.

Addressing a meeting with petrochemical industrialists and executives on Monday, Dr. Rouhani said that the word “leap” is becoming for the industry given the groundbreaking achievements it has made in recent years despite the sanctions.

He said the country’s petrochemical production capacity was expected to reach 100 mt/y by 2021 (first leap) which would be nearly double the country’s current output (roughly 54 mt/y).

Rouhani further said that the sector’s revenues were also expected to reach 37 billion dollars per year by 2025 (third leap) from currently $17b.

The Iranian President added that the country was targeted by an all-out economic war, adding the petrochemical achievements were made under tough circumstances which were invaluable.

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