Iran Prepared for $72bn Investment in Petchem Sector

Shahdaie made the remark in an address to the second day of the K-Plastics & Rubber Exhibition.

The trade fair K 2016 is underway in Düsseldorf, Germany, from the 19 to 26 October and presents the innovations of the international plastics and rubber industry.

The NPC Chief briefed the audience on opportunities of investment in Iran petrochemical market, and said foreign investors can cooperate with the Iranian side in 30 projects under study and 50 projects now commissioned in partnership with Iranian companies.

She went on to say that the 80 projects, including 30 new projects, are envisioned in the Sixth Five-Year Plan (2016-2021). New projects target facilities with 49.1 million tons production capacity at $39.8 billion investment and 50 projects that are now implemented concentrate on facilities with 41,300,000 tons capacity at $32.3 billion, she added.