Speaking at the Tuesday event, Nikooei emphasized the critical
importance of financing, particularly to achieve the nation's targeted 8%
economic growth by the end of the 8th Five-Year Development Plan, a
priority highlighted by the nation's esteemed leadership, requiring
approximately $7 billion in constructive financial sourcing.
"Investments play a vital role in securing both domestic and
foreign resources for the petrochemical industry," stated Nikooei,
underscoring the comprehensive review and reevaluation of last year's
investment plans as per directives from the Deputy Minister of Petroleum and
the NPC CEO. Some projects were removed while others were introduced, aligning
with the country's requirements.
Highlighting the significance of collaborative efforts, Nikooei
emphasized the participation of nearly 120 CEOs and financial deputies in this
conference, marking a pivotal strength of the gathering aimed at elucidating
barriers, proposing solutions, and fostering collaboration to boost financial
sourcing within the petrochemical industry.
He reiterated the consistent emphasis, spanning back to 1996, by the
nation's leadership on completing the value chain and providing financial
support to downstream industries, which continues to be the guiding principle
for their work.
Nikooei provided insights into the current industry capacity,
revealing plans to expand the petrochemical industry to 141 million tons by the
7th Five-Year Development Plan and eventually to 200 million tons by
the 8th Plan.
"In the present scenario, we have 125 projects worth about $97
billion in progress," Nikooei continued, elaborating on the industry's
trajectory, foreseeing an increase in petrochemical complexes to 179 by 2032.
The Investment Director highlighted key areas designated as
petrochemical industry hubs, including Mahshahr, Asaluyeh, Kangan, Parsian,
Chabahar, and Qeshm, detailing ongoing projects and investments in these zones,
indicating the sector's expansion and strategic distribution across various
regions.
"With 20 projects amounting to $7.4 billion investments and a
production capacity of 5.9 million tons in Mahshahr, 22 projects with over $22
billion investments and a capacity of approximately 28 million tons in
Asaluyeh, and 14 projects exceeding $11.5 billion investments with a 14 million
ton capacity in Kangan, Siraf, and Dayer, the industry is witnessing
substantial growth," Nikooei elucidated.
He continued, shedding light on further endeavors in the Parsian
Energy Zone, Chabahar, and Qeshm, revealing ongoing initiatives and investments
aimed at bolstering production capacities, shaping the future of Iran's
petrochemical landscape.