Iranian Minister of Oil Bijan Namdar Zanganeh said the countrys petrochemical production capacity would reach 100 million tons per year in the next fiscal year that starts on March 21. Once the goal is realized, it will bring in $25 billion in revenues to the sector each year, Zanganeh said during the opening ceremony of the 4th edition ...

Iran has reported an 8-percent increase in its petrochemical output in the seven months ending October 21 despite problems faced in the sector because of American sanctions. Irans National Petrochemical Company (NPC) said on Monday that output had reached over 35 million metric tons in the first seven months of the current calendar year. Jalal ...