Iran petrochemical exports to reach $14 billion
Tehran, Iran, May 7
By Milad Fashtami - Trend:
Iran is expected to export $14 billion worth of petrochemicals by the end of the current Iranian calendar year (March 20, 2015).
Hossein Shahriari said that the country's total petrochemical production will also reach 51 million tons, Iran's SHANA News Agency reported on May 7.
Deputy director of the National Petrochemical Company said the value of Iran's total output is expected to reach $35 billion.
Iran's petrochemical exports failed to show a significant increase in recent months despite the fact that Western countries suspended prohibition on the import, purchase or transport of the Islamic Republic's petrochemical products and related services since January.
Iran's petrochemical exports surpassed $10.723 billion during the last Iranian calendar year (ended on March 20), which indicates an increase by only 1.01 percent compared to the preceding year, the country's customs administration reported on April 7.
The total volume of exported petrochemicals in the last year stood at 14.5 million tons which is 4 percent less than the preceding year.