Demand Driving Iran Petrochemical Sector

With domestic and international demand rising at a rapid pace, investment in the key petrochemical industry, now around $80 billion, will reach $108 billion by 2027, managing director of the National Petrochemical Company said.
“Up until now 64 petrochemical complexes are operating in different parts of the country. This will increase to 109 by 2025 and 116 two years later,” the NPC news website Nipna quoted Behzad Mohammadi as saying.
Referring to the role of the key sector in national revenues, he said: “Petrochemicals account for almost 30% of the non-oil export. Last year the industry generated $15 billion.”