Publishe Date: 11:44 AM - 8/10/2014 | Print

Iran's Petchem Output to Hit 180 Million Tons

Economy - Managing Director of the National Iranian Petrochemical Company (NIPC) Abbas Sheri Moqaddam said Iran’s petrochemical production will reach 180mln tons a year once new projects come into operation.

Sheri Moqaddam said that the country’s petrochemical plants are currently producing 40mln tons of petrochemicals a year, the oil ministry's website reported.

The Iranian official further added that 36 new petrochemical projects, waiting for investment, will add 60mln tons to Iran’s petrochemical production.

Iran Petrochemical Commercial Company (IPCC) exported $838mln worth of petrochemicals during the first four months of the current calendar year which started on March 21.

The exported products, weighing 831,000 tons, mainly included propane and butane.

Iran produced 40mln tons of petrochemicals in the last calendar year, with $9bln worth of its products being exported.

The country plans to increase its petrochemical exports to $12bln this year.

Tags: Economy -
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