TEHRAN – “Iran has invested about $30 billion in petrochemical projects of South Pars’ phases 1 and 2,” National Iranian Petrochemical Company (NIPC) managing director said here on Tuesday.

“So far $7.5 billion has been invested in South Pars phase 1 petrochemical projects, $13 billion in phase 2 and $9 billion in downstream petrochemical projects,” Gholam-Hossein Nejabat explained.
“The estimated sales value of phase 1 of petrochemical products is about $8.2 billion per year while the estimated amount for phase 2 of petrochemical products after implementation will be about $14,135 million,” he added