NPC celebrates biggest victory
The NPC Managing Director Gholamhossein Nejabat told PIN the progress and implementation of the projects were among the company’s achievements during the period. He referred to the Minister of Petroleum Seyyed Kazem Vaziri-Hamaneh’s emphasis on speedy operations and added, “To this end, petrochemical officials and industrialists are making every effort to shorten the interval of inauguration of a petrochemical complex from every two months to every one month.”
Nejabat pointed to Borzuyeh, Arya Sassol, Ghadir, and, Jam petrochemical complexes as the most important projects, saying some of complexes like Jam and Borzuyeh are unique in the world. The official said a 50 billion dollar fund would be needed for achieving the objectives of the 20-year Outlook Plan, adding, “We invest 12.5 billion dollars in each Five-Year Economic Development Plan and the total investment in the four plans amounts to 50 billion dollars.”
Pointing to the parliament’s approval on removal of subsidies on petrochemical products, Nejabat argued that the measure would make the petrochemical market sound. He added, “By March 20, 2007, the country will totally produce 15 million tons of petrochemical products and will export six million tons.”
The Fourth Development Plan had allocated 12.5 billion dollars for petrochemical projects, recalled the ranking official, adding the projects were underway according to the plan.
“Iran accounts for 12 percent of the Middle East’s petrochemical products and 0.7 percent of the world production,” said the deputy minister, adding, “The Outlook Plan has targeted 34 percent share of the Middle East and 6.2 percent of the international output.”
According to Iran Petrochemical Commercial Company (IPCC), 5.435 million tons of petrochemicals worth 2.665 billion dollars have been exported to foreign countries from March 21, 2006 to February 19, 2007.
The NPC predicted that 35 petrochemical projects would come on stream by the end of Iranian calendar year 1393 (March 20, 2015).