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Iran seeks to triple petrochemical revenues

Oil&Gas Materials 11 September 2011 14:27
Iran plans to surpass Saudi Arabia in export of petrochemical products and increase production volume to triples its petrochemical revenues, Mehr News Agency reported quoting Deputy Oil Minister Abdolhossein Bayat as saying.
Iran seeks to triple petrochemical revenues

Azerbaijan, Baku, Sept. 11 /Trend/

Iran plans to surpass Saudi Arabia in export of petrochemical products and increase production volume to triples its petrochemical revenues, Mehr News Agency reported quoting Deputy Oil Minister Abdolhossein Bayat as saying.

"Iran plans to rank first major Petrochemical producer in Middle East and will increase its petrochemical products," he said.

He noted Iran's petrochemical product export during first five months of current solar year(started on March20,2011)valued more than $5.3 billion.

It's predicted the revenues from export of petrochemical products will reach $14 billion by the end of current year.

The National Petrochemical Company plans to triple its export revenues to $30 billion in future, he said.

He stressed Iran's current petrochemical product production capacity is 52 million tons and the volume will increase to 60 million by the end of current year.

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