aryobarzan
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- Feb 17, 2019
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Still bro 500 million annual import a big value.. should have focused in this sector...
Text from petrochemical journal
Iran’s petrochemical industry expects revenues to increase to $37 billion by 2025 and to $53 billion by 2027, underlining the significant impact of this industry on the country’s broader economy. Iran’s petrochemical industry in 2025 will consume about two million barrels of crude oil per day. By 2027, consumption will increase to the equivalent of more than 2.3 million barrels of crude oil per day. According to Mohammadi, about $80 billion has already been invested in the petrochemical industry so far, and total investments in the program will reach $85 billion by 2027.
Energy experts in Iran consider sanctions to be the biggest obstacle to the development of the petrochemical industry. It should be borne in mind that this industry is in dire need of foreign technology. Sanctions over the past few years have led to a decline in investment in petrochemical industry. In addition, there is the ongoing issue of finding a petrochemical export market; unilateral U.S. sanctions deter European investors from entering the Iranian market because doing so automatically locks them out of the far more lucrative US market.