Seven petrochemical projects will become operational in the South Pars gas field in Assaluyeh on Iran's Persian Gulf coast by the end of the current Iranian calendar year (March 20, 2018), Shahdaei said on Monday, Shana news agency reported.
She further said that 40 petrochemical facilities are currently operating at Pars Special Economic Energy Zone.
'Iran is one of the few countries enjoying all petrochemical feedstock in abundance,' the Iranian deputy oil minister added.
Iran has announced ambitious plans to build at least eight new condensate refineries in Pars Special Economic Energy Zone. This is meant to prevent further sales of raw material in favor of selling end products.
Once fully operational, the eight refineries will have a daily production capacity of 24,800 barrels of condensate. Other key products include 128,000 barrels of light naphtha, 148,000 barrels of heavy naphtha, 29,600 barrels of aviation fuel and 149,600 barrels of diesel.