9 February 2016 - 12:38
  • News ID: 254905
Iran Petchem Output to Hit $22b: Zangeneh

TEHRAN, Feb. 9 (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the value of country’s petrochemical production will increase to 18 billion dollars by the end of current year (March 20) from 16 billion dollars and is expected to hit 22 billion dollars in the next two years.

Speaking to media on the 37th anniversary of the Islamic Revolution, he said the achievement has been attained by launching phases 15, 16, 17, and 18 of South Pars Gas Field which provide ethane feedstock of the petrochemical plants.

Zangeneh also said that production of environment-friendly Euro-IV petrol has increased from 2.5 million liters daily to 24 million liters a day since President Hassan Rouhani took office two years ago.

“By launching Phase I of the Persian Gulf Star Refinery, there will be no need to import of petrol,” he added, “By the end of Sixth Economic Development Plan production will increase to 3.2 million liters.”

He referred to the measures taken by the petroleum ministry to lay gas pipelines for domestic consumption in the eastern Sistatan-va-Baluchestan province, and also said that smuggling of oil products including gas oil has been reduced drastically after its distribution to trucks based on bill of loading.

News ID 254905

Your Comment

You are replying to: .
0 + 0 =