Iran's petrochemical capacity to cross 95 mln tpa by end of Fifth development plan in 2016

21-Feb-11

With the implementation of Bushehr and Marjan petrochemical complexes construction projects Iran's petrochemical production capacity will cross 95 mln tpa by the end of the fifth development plan (2011-2016), Shana news agency reported quoting Iranian minister of petroleum Seyed Masoud Mirkazemi. The electricity and steam units of Mobin petrochemical plant in Assaloyeh (onshore installations of the South Pars gas field in southern part of Iran) have been launched- including two electricity units each with 123 megawatt production capacity and two steam production units each capable of producing 330 tons of steam per hour. Other petrochemical projects are slated to come online shortly, increasing Iran's petrochemical production capacity to 51 mln tpa. Iranian petrochemical sector produced 31.113 mln tons of petrochemical products in the first 10 months of the current Iranian calendar year (started March 21, 2010). During the Fifth Five Year Development Plan (2011-2016), over US$200 bln would be invested in Iran's oil industry.