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Iran plans to boost petrochemical output by five million tons

Oil&Gas Materials 8 June 2012 20:42 (UTC +04:00)
Iran plans to increase petrochemical output by five million tons to 49 million tons in the current calendar year which ends on March 20, 2013, said the National Petrochemical Company's managing director.
Iran plans to boost petrochemical output by five million tons

Azerbaijan, Baku, Jun.6/ Trend F.Milad/

Iran plans to increase petrochemical output by five million tons to 49 million tons in the current calendar year which ends on March 20, 2013, said the National Petrochemical Company's managing director.

Abdolhossein Bayat added that nine petrochemical projects will be implemented in the current year which will boost the country's output by five million tons," the Mehr News Agency quoted him as saying.

The country's installed petrochemical production capacity is currently about 55 million tons, he noted. Bayat already said that the country's petrochemical exports have not declined despite EU sanctions.

Iran has explored new destinations to export its petrochemical products, he said, adding that currently exporting petrochemical products to Europe is underway on a regular basis.

On April 18, Bayat said that Iran exported some $14 billion worth of petrochemical products to 60 countries last calendar year which ended on March 19.

He added that $10.5 billion of oil income will be allocated to the development of the national petrochemical industry.

Iran has developed 69 plans to boost its petrochemical output from the past year's 54 million tons to 100 million tons in 2015.

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