TEHRAN May 09(Shana)--The head of National Petrochemical Company (NPC) has said that $7.5 billion dollar in investment is needed for the production of 60 million tons of petrochemicals a day.

Abbas Shari-Moqaddam said petrochemical plants in Iran are capable of supplying 60 million tons, adding that they are currently producing 45 million tons.

He said NPC plans to reach at least 50 millions of petrochemical production this calendar year which ends in March 2016.

He said that 67 petrochemical projects still remain to be completed. He added that they need finance or feedstock.

“Some of these units have been financed by China’s 2 to 3.6-billion-euro credit line,” said Shari-Moqaddam.

By SHANA