Thursday, August 25, 2011

Iran's Energy Sector Beset by Problems

Iran's Energy Sector Beset by Problems

Iran Petrochemical Industries Company executive director Abdel Hoseyn Bayat has criticized shortcomings in the country’s energy sector, telling journalists, "Currently the installed capacity at the petrochemical units has come close to 54.5 million tons per year, while the production program is 46 million tons per year. Four factors have created this unused capacity. Twenty-five percent of this unused capacity is due to a shortage of feed, twenty-five percent is due to technological failures, thirty percent is due to defective equipment manufacture and twenty percent is related to other factors."
Bayat’s statements have raised serious issues, such as how will Iran’s petrochemical
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