Iran accounts for 25.8 percent of the Middle East's petrochemicals production, managing director of the National Iranian Petrochemical Company (NIPC) says.
“A 5.2-billion-dollar investment in the petrochemical sector this year will see a 10.5-million-ton increase in the production capacity of agricultural products,” Abdolhossein Bayat said.
He predicted that the volume of petrochemical exports would hit 17.9 million tons this year.
Bayat went on to say that Iran is in a better position compared to other regional countries in terms of investment in its petrochemical sector.
He said that Iran had produced a total of 34 million tons of petrochemical products and that investments stood at USD2.49 billion.
Source: PressTV.
Link: http://www.presstv.ir/detail.aspx?id=125315§ionid=351020102.
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