Iran has inaugurated four petchems plants to coincide with ramp up at South Pars. But, longer-term, foreign investment and technology is needed.

Iran’s Oil Minister Bijan Zanganeh has this week inaugurated four petrochemical plants near the port of Assaluyeh, where onshore processing plants for gas from South Pars offshore field are located.

The move coincided with President Hassan Rohani’s inauguration of five phases of the South Pars field development (see p2).

The petchems...