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Iran targets $55bn spend in petchem sector

TEHRAN, January 15, 2017

Iran needs to attract investments of about $55 billion to develop its thriving petrochemical sector, said a top government official.

"We hope to attain the 150-million-ton production capacity within 10 years. We need nearly $55 billion in investment in the petrochemical industry to implement new projects and expand output capacity," Deputy Minister Marzieh Shahdaei was quoted as saying by Iran Daily, which cited Shana.

"We need $20 billion in investment, to complete ongoing petrochemical projects," she added.

Shahdaei, who heads National Petrochemical Company (NPC), said drawing foreign investment to expand the petrochemical sector is on top of the Oil Ministry's agenda.


 




Tags: Iran | petchem |

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