Construction of Iranian Mahabad petrochemical complex completed by 60 percent
Azerbaijan, Baku, Aug.11/ Trend F.Milad/
The construction of Mahabad petrochemical complex, in northwest of Iran, is now complete by 60 percent, the Shana News Agency reported.
Some 1,120 billion rials and €233 million have so far been approved to be allocated to complete the project, which will be commissioned by September 2013.
Mahabad petrochemical complex is projected to produce 300,000 tons of polyethylene and 30,000 tons of butane per annum.
A number of petrochemical projects will be commissioned by the end of this year (March 20, 2013), which will boost the country's gasoline output by around 12 million liters per day, to hit 70 million liters per day, the National Iranian Oil Production and Distribution Company's managing director Alireza Zeighami said in May.
Gasoline production units at the Imam Khomeini, Shazand, Abadan, Tondgouyan and Lavan refineries will be commissioned by the end of the year, Alireza Zeighami said.
Iran exported over 132,000 tons of gasoline, worth around $134 million, last year.
According to Customs Administration data, the gasoline exports rose by 127 percent in value and by 108.5 percent in volume compared to the year before.
Armenia, Afghanistan, the UAE, Iraq and Oman were the destinations for Iranian gasoline.
Iranian gasoline imports have slumped by as much as 95 percent over the last four years, according to official government data, as rising refinery capacity and lower fuel subsidies help to neutralize Western sanctions aimed at starving Tehran of fuel.