“The biannual output registered a five percent increase compared to the similar period last year,” Ali-Mohammad Bosaqzadeh, company’s production control director, told Shana.
“The petrochemical complexes operated at 76 percent of their nominal capacity, which was 4 percent higher than last year’s,” he added.
Unlike previous years’ gas feed decline in cold season due to peak consumption which led to production decline, he said, this year it is expected that launching new phases in South Pars filed can meet the demands of the industrial units.
Bosaqzadeh also estimated that Iran’s upstream and downstream petrochemical industry needs 70 billion dollars of investment to help tapping its massive 33.6 tcm gas reservoirs.