$55b Needed by Petrochem Sector

$55b Needed by Petrochem Sector

Iran needs $55 billion of investment in the petrochemical sector in the next 10 years, Deputy Oil Minister Marzieh Shahdaei said in the German capital on Tuesday. "Iran needs $55 billion for 60 projects in the petrochemical sector over a period of 10 years," she said at a conference, Reuters reported. Iranian officials on Monday reported the country produced more than 46 million tons of petrochemical commodities in the previous Iranian year (ended March 19, 2016), of which 19 million tons worth $9.5 billion were exported. Asked if she would attend a planned oil producers' meeting in Doha, Qatar, on April 17, she said she had no plans for participation. Shahdaei added that she did not know whether Oil Minister Bijan Namdar Zanganeh would attend the event. Iran has said it will not join fellow OPEC and non-OPEC members in freezing oil production to boost prices.


Short URL : http://goo.gl/tqPKRC
  1. http://goo.gl/LXHKUt
  • http://goo.gl/twzX5H
  • http://goo.gl/h6ZIQz
  • http://goo.gl/daGCbz
  • http://goo.gl/2fI4HQ

You can also read ...

China Rejects US Sanctions, Vows to Continue Iran Crude Purchase
As the US and Iran continue to trade barbs over the...
India Vying for US Waiver
India, the second biggest crude customer of Iran, may cut its...
Venezuela Braces for Pricey Gasoline
Gasoline prices in Venezuela will soon catch up with world...
Zanganeh to Attend OPEC, Non-OPEC Committee Meeting
Iran's Oil Minister Bijan Namdar Zanganeh will attend a...
S. Korea Iran Crude Imports Up 15%
South Korea’s imports of Iranian crude rose around 15% in July...
Indonesia Cuts Oil Imports
Indonesia’s PT Pertamina will get an extra 225,000 barrels per...
UK's Quercus Halts Iran Renewable Project
British renewable energy investor Quercus said it will halt...
Private Investors Get Green Light for Renewable Exports
The Energy Ministry has called on the Renewable Energy and...