In addition to these projects, he highlighted the revival of several
other delayed projects from 2004 to 2006, clarifying their objectives and
Speaking at a government meeting on Wednesday, Owji emphasized the
importance of moving forward with the petrochemical sector's expansion.
He revealed that the Ibn Sina Petrochemical Project in Hamedan, which
was approved in 2004 during the Supreme Leader's visit to the province, had
remained inactive until the current administration allocated a substantial
budget of one billion dollars, reinvigorating its implementation.
Owji provided insights into the broader efforts of the Ministry of Petroleum,
stating that, alongside the Hamedan project, five other major petrochemical
projects are undergoing execution.
He specifically noted the progress made on projects that had been
stalled and unresolved from 2004 to 2006, outlining the assigned tasks and the
steps taken to put them back on track.
The Petrochemical Project in Zanjan, despite having 98,000 public
investors in the province, was one such project that remained dormant since
2006. However, under the current administration, it has become operational,
achieving a notable advancement in execution from 18% to 53%.
Among the projects in progress, Owji highlighted the significance of
the petrochemical initiatives in Golestan, Torbat Heydarieh, and Borujen. He
stressed the importance of operationalizing these projects to prevent reliance
on crude oil sales, generate foreign currency, and create employment
The announcement comes as part of Iran's broader efforts to enhance
its petrochemical industry, contributing to economic growth and
diversification. The successful execution of these projects is expected to play
a pivotal role in reducing reliance on oil revenues and fostering sustainable