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FinancialNews
03-09-20
Iran's oil industry draws more than 10 billion USD of asset in 5 months
(MENAFN) More than USD10 billion of asset has been made in Iran's oil, gas and petrochemical industries throughout the first five months of the present Iranian agenda year (March 20-August 21) in spite of the problems and restrictions caused by the coronavirus pandemic and the United States sanctions.
IRNA accounted that since the starting of the present year, which is called the year of rush in manufacture, 10 oil, gas, and petrochemical schemes have been put into operation, with an entire asset of 5.11 billion USD, plus 4.66 billion Euro (5.2 billion USD) in addition to eight trillion rials (more than 190 million USD).
Besides the stated installed schemes, the government as well plans to launch 17 petrochemical schemes by the end of this year which has reasoned this year to be called the "golden year of the petrochemical industry".
When the new plants are installed, the country's petrochemical production will attain 100 million tons a year which will carry the country several 25 billion yearly USD.
MENAFN0309202000450000ID1100739858
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