Iran petchem output at 11m tons
Iran currently produces some 11 million tons of petrochemicals annually.
Islamic Republic of Iran Broadcasting quoted the president of Securities and Exchange Organization of Iran stating that about six million tons of petrochemical productions are sold domestically and the remaining 5 million are exported.
Ali Salehabadi who was speaking on the sidelines of the inauguration ceremony of the Iranian Oil Bourse in Kish added that from the initial opening of the oil bourse in spring 2008 till September 2009 $3.5 billion have been transacted in this bourse.
He expressed hope that with the opening of the international oil and petrochemical products stock exchange in Iran will gain the ability to determine petrochemical prices.
The international Iranian Oil Bourse was inaugurated on Monday in the Persian Gulf island of Kish as a venue to export oil and petrochemical products.