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Iran's petrochemical ambition: aiming for 130 MMt annual production

In a visionary pursuit of economic growth and self-sufficiency, Iran is aiming to create a formidable 130 million tons of annual petrochemical production capacity.

This ambitious goal was emphasized by Morteza Shahmirzaei, Deputy Minister of Petroleum, and the CEO of the National Petrochemical Company, during a ceremony marking the commencement of the "Basij Bijar" petrochemical project.

Mr. Shahmirzaei, speaking at the event, highlighted the extraordinary progress made in the Iranian petrochemical industry, attributing it to the dedication of experts and professionals who are deeply committed to the nation's advancement. He remarked on the industry's remarkable journey, noting that during the early days of the Islamic Revolution, the nation's petrochemical production capacity was merely around 1.5 million tons annually. Today, the installed capacity in the petrochemical sector has reached an impressive 92 million tons, reflecting Iran's strength and the nation's enormous potential.

Shahmirzaei added that meticulous planning and focused efforts are underway, and the seventh development plan aims to reach nearly 130 million tons of petrochemical production capacity, a clear testament to Iran's unwavering commitment to the sector's expansion and success.

Furthermore, he shared the vision for the eighth development plan, which aspires to achieve 180 million tons of petrochemical production capacity, setting even more ambitious goals for the future.

The Deputy Minister of Petroleum and CEO of the National Petrochemical Company took pride in the progress made in the petrochemical industry, considering it a reflection of the strength of the Islamic Republic. Despite various sanctions and challenges, Iran has persevered and prevented any hindrance to its growth, evident in the successful commencement of the "Basij Bijar" petrochemical project.

Highlighting the significance of this venture, Shahmirzaei stated that this project would set the stage for further developments in the petrochemical industry within the Kurdistan region, further strengthening the industry's value chain.

He also mentioned that Iran currently hosts 72 petrochemical complexes, annually exporting $16 billion worth of petrochemical products, and actively preparing and implementing over 110 petrochemical projects across the nation.

During his visit to Kurdistan Province, the CEO of the National Petrochemical Company participated in a Friday Prayer ceremony in the city of Bijar, where he elucidated the achievements of this flourishing industry.

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