Tasnim News Agency cited Iran Petrochemical Affairs Deputy Oil Minister Abbas Sheri Moqaddam as saying that the 11 units will enter service this year as part of the country’s efforts to increase petrochemical production by six million tonnes.

Sheri Moqaddam is serving as the managing director of Iran’s National Petrochemical Company (NPC).

Over the past few years, the range and volume of the petrochemical production has been significantly expanded in the country.

Although Iran is capable of producing about 60 million tons of petrochemicals annually, it produces only 68% of this capacity on average due to shortage of raw material and other reasons.

Iran holds the world’s third-largest oil reserves and the largest natural gas reserves, according to the news agency.