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Petrochem Output Capacity Expected to Reach 130 Million Tons in Four Years

The feedstock consumed by the domestic petrochemical industry is currently 1.2 million barrels of crude oil and it is expected to reach 2 million barrels in 2026
Petrochem Output Capacity Expected to Reach 130 Million Tons in Four Years
Petrochem Output Capacity Expected to Reach 130 Million Tons in Four Years

Petrochemical production capacity is expected to reach 130 million tons in four years, managing director of Iran's Petrochemical Special Economic Zone (Petzone) Organization said.
Emphasizing that the reduction of crude oil sales is one of the major policies of Iran, Omid Shahidinia added that the organization intends to accelerate the initiative to create the value chain in the country's oil production, IRNA reported.
“The feedstock consumed by the petrochemical industry is currently about 1.2 million barrels of crude oil. The figure is projected to reach approximately 2 million barrels of crude oil in 2026 due to development plans devised for the petrochemical industry,” he said.

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