Iran to launch petrochemical export terminal in Persian Gulf

Oil&Gas Materials 7 January 2012 17:14 (UTC +04:00)

Azerbaijan, Baku, Jan. 7 / Trend F.Milad/

One of the most advanced petrochemical export terminals of Iran, with the capacity of loading 2.5 million tons of petrochemicals, will be launched in the Mahshahr Port neighboring the Persian Gulf by February, Mehr news agency reported.

Some 135 billion rials plus 9 million euros have been invested in the project, the report said.

Ships with up to 45,000 tons can berth along the terminal.

The managing director of the National Petrochemical Company of Iran Abdolhossein Bayat stated that the value of Iran's petrochemical exports is expected to reach $14 billion by the end of the current Iranian year (March 19, 2012), Press TV reported.

Bayat noted that Iran produced more than 40 million tons of petrochemical goods last Iranian calendar year.

The country also exported 18 million tons of petrochemical products worth $11.6 billion last year, showing a 26-percent increase compared to two years ago, he added.