SHANA – The deputy minister of petroleum for petrochemical affairs said a total of $11.5 billion worth projects would be launched in Iran by the end of the current Iranian calendar year to March 20, 2021.

Speaking on Tuesday, Behzad Mohammadi said the projects would add 25 million tons to the country’s annual production capacity and bring it to 90 million tons per year.

He described the current calendar year as the golden year for the petrochemical industry, saying 17 projects were planned to come online in the year with 11.5 billion dollars of investment.

The first of these projects was Miandoab Petrochemical Project which came on stream last week.