First VP: Iran’s petrochemical capacity to reach 90m tons by 2021
Iran’s petrochemical production capacity will exceed 90 million tons by 2021, if the 18 petrochemical projects currently under implementation in the country are completed in the next two years, said First Vice President Es’haq Jahangiri.
He added the country’s capacity of producing petrochemicals currently stands at 64 million tons, Shana reported.
Jahangiri said normally, when one government is replaced by another, projects under implementation in the former’s term in office are abandoned by the current government.
It is also possible that investors stop funding important projects because their completion may take several years, he stressed.
The first vice president expressed optimism that Iran’s petrochemical industry will take a great leap forward during the coming years to 2021.
If the country’s petrochemical capacity reaches 90 million tons, it would be a rare incident in the country, he said.
Commenting on unilateral US sanctions reimposed on Iran following the country’s pullout from the Joint Comprehensive Plan of Action in May 2018, Jahangiri said that by imposing sanctions, Washington aimed to overthrow Iran’s establishment and deal a blow to the country.
He added, however, that the US failed to achieve these goals.
source: Iran Daily
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Swapping aluminum for copper will maintain China’s resources, group says
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Families gather at South African mine shaft where hundreds are feared stuck underground
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
