Iran holds 25 percent share in Middle East’s petrochemical output
Azerbaijan, Baku, Feb. 8 / Trend F.Milad /
Iran accounts for some 25 percent share in the total petrochemical production in the Middle East, IRNA news agency reported on Wednesday.
The share has increased by 9 percent since 2005, the report added.
In the first ten months of the current Iranian calendar year (started on March 21, 2011), 39 state-run and private companies produced over 43 million tons of petrochemical products, which was 94 percent of the projected figure.
Iran exported some $11 billion worth of petrochemical products in the first nine months of the current calendar year, the National Petrochemical Company (NPC) managing director Abdolhossein Bayat said.
He told IRNA news agency that the country's petrochemical products are exported to over 60 countries.
Mr Bayat had said earlier that the value of Iran's petrochemical exports is expected to reach $14 billion by the end of the current year, according to Press TV.
Bayat noted that Iran produced more than 40 million tons of petrochemical goods in the 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.