Energy Iran’s petrochemical capacity to double in next decade: Official By Pramod Kumar September 27, 2022, 6:35 AM IRNA Petrochemical production capacity in the country will witness 200 million tons in a year in the next decade. National Iranian Petrochemical Company (NIPC) expects petrochemical production in the country will double in the next decade, IRNA, state-owned news agency, reported. Petrochemical production capacity in the country will reach 200 million tons in a year in the next decade, said NIPC managing director Morteza Shah-Mirzaei. Despite sanctions imposeed on the country, the petrochemical industry is growing at high speed, he said. The official, who is also the deputy petroleum minister, said all petrochemical products would be manufactured in the country within the next ten years. Shah-Mirzaei stated that Iran’s petrochemical industry was one of the “most secure industries in the world.” Iran was the third-largest producer in OPEC before the US resumed sanctions on the country in 2018. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later