Iran will hold Iran Petrochemical Forum (IPF) on December 13th for some 300 Iranian and 100 foreign petrochemical enterprises seeking a boost to foreign investments in the sector, PressTV reported.

Tehran had announced ambitious plans to increase production of petrochemical products currently at the level of more than 60mmt per year, and raise its export capacity to Europe from current 2.5mt of petrochemical and polymer products a year.

The forum will take place on the side of the 3rd International Conference on Oil, Gas and Petrochemical for industry researchers and international scientific institutions, scheduled on December 13th – 14th, reported Mehr News Agency.