Iran’s Petrochemical Industry Promoting Cooperation with Foreigners

The cooperation between Iran’s petrochemical sector and the foreign companies has increased remarkably during the past two years, an official said.

News ID: ۸۲۲۷۴۰

01 February 2024

EghtesadOnline: CEO of the National Petrochemical Company (NPC) of Iran, Morteza Shahmirzaei, said the Iranian petrochemical industry has made great progress despite the cruel sanctions imposed by the US and the Western governments.

The petrochemical industry’s current production capacity in Iran stands at above 92 million tons, Shahmirzaei added, SHANA reported.

He also noted that the administration of Iranian President Ebrahim Raisi has prepared the ground for closer interaction with the like-minded and neighboring countries.

In September 2023, the Iranian Association of Employers of Petrochemical Industry said that $53 billion worth of non-oil products had been exported in the past Iranian year, $16 billion of which was the share of the petrochemical companies. / Tasnim