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FinancialNews
09-08-20
Major petchem schemes value 1.6 billion USD installed
(MENAFN) On Thursday August 6 three main petrochemical schemes with a total investment of 1.6 billion USD were installed in southern Bushehr and western Lorestan provinces.
Shana accounted that President Hassan Rouhani and Bijan Namdar Zangaeh Oil Minister inaugurated the schemes by video conferencing.
Rouhani stated that "Today we are witnessing the transformation of the petrochemical industry. Today's inaugurations were doubly gratifying because when we want to distance ourselves from crude oil exports and turn them into valuable products, one of the ways is to develop and transform the petrochemical industry,".
Rouhani stated that 17 petrochemical schemes will be installed in the country this calendar year (established on March 20), and reminded that "These projects are for setting the ground for and materializing the third leap of the petrochemical industry, which will take place in (the Iranian calendar year) 1404 (2025).".
MENAFN0908202000450000ID1100606298
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