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Regions :: Middle East

Iran Eyes Leadership in Mideast Petrochemical Industry

1:40 PM MDT | May 30, 2011 | —natasha alperowicz in tehran

Bayat: Adding more value to oil and gas reserves. Iran aims to become the leading player in petrochemicals in the Mideast by 2025, said Abdolhossein Bayat, Iran’s deputy minister of petroleum and president of National Petrochemical Co. (NPC; Tehran) in his opening address to the 9th International Petrochemical Forum (IPF), held recently in Tehran. The country had capacity for 51 million m.t./year of petrochemical products in the Iranian fiscal year ended March 20, 2011. Iran’s petrochemical exports reached 18 million m.t. in the year ended March 20...

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