Iran’s petrochemical output hits 40 million tons
By Umid Niayesh - Trend:
Iran has produced about 40 million tons of petrochemical products from the beginning of current Iranian fiscal year (started on March 21, 2014), Ali Mohammad Bosaq-Zadeh, the Director of Production Control at Iran's National Petrochemical Industries Co. said.
He forecasted the figure to reach 43 million by the end of current fiscal year (March 21), the Oil Ministry's official news agency, SHANA reported Feb. 22.
The official further said that the company has sold 290 billion rials worth of petrochemicals (about $10.5 million based on official rate of 27,670 rials per USD) during the first ten months of current fiscal year(March 21, 2014-Jan 21) in domestic markets, meanwhile exports amounted to $9 billion.
He also said that Iranian petrochemical unites are working with 70 percent of their total capacity, adding the figure is projected to reach to 78-80 percent in next year.
Iran uses 45 petrochemical units with an output of about 60 million metric tons, which provide for 36 percent of the country's non-oil exports and 45 percent of its industrial export.
Iran's annual petrochemical export amounted to worth $12 billion two years ago.
It is expected that the country's output would reach 100 million metric tons in two years which would be worth $20 billion.
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