Publishe Date: 10:07 AM - 5/25/2014 | Print

Iran Plans to Gain Self-Sufficiency in Supplying Petchem Plants' Parts

Economy - A senior official lauded Iranian petrochemical experts and engineers for the efforts they have made to gain self-sufficiency in the field, and said the country plans to supply its petrochemical plants with home-made parts and equipment in the next five years.

Managing Director of the Supplying Petrochemical Industries Parts, Equipment and Chemical Engineering Co. (SPEC) Jalil Sobhani said that the SPEC plans to procure all the equipment and necessary parts from the inside market and to attain self-sufficiency in the sector by relying on domestic experts in the next five years.

Earlier this month, Managing Director of Iran’s National Petrochemical Company (NPC) Abbas Sheri-Moqaddam said that Iran has considerably increased its petrochemical exports as sanctions against the Islamic Republic are eased in the wake of an interim nuclear deal between Tehran and the Group 5+1 (the US, Russia, China, France and Britain plus Germany).

"More than 40 million tons of petrochemicals were produced in the country in the last Iranian year (ended March 20, 2014), $ 9bln equivalent of which was exported,”

Iran has trade transactions with over 105 world countries

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