Media: Iran to increase petrochemical production

According to media reports, Iran is planning to increase its petrochemical production by almost 1 million tons/year following the start-up of three major petrochemical plants in the country’s western region.

Iran had previously launched the Lorestan Petrochemical Plant, while the Kurdestan and Mahabad plants will reportedly be operational by March 2017. With the completion of these projects, Iran’s annual capacity will reach at least 960,000 tons of petrochemicals. Iran’s Oil Minister, Bijan Zanganeh, said Lorestan Petrochemical Complex is among the country’s largest investments with a value of $400 billion.