Baku, Azerbaijan, Feb. 16
By Elnur Baghishov – Trend:
More than 92 percent of the foreign currency gained from exports by Iran’s Kordestan Petrochemical Plant has been returned to the country via the NIMA system, said Feridun Khaledzadeh, executive director of Kordestan Petrochemical Company, Trend reports referring to IRNA.
The Kordestan Petrochemical Plant, according to Khaledzadeh, produces about 1,000 tons of products daily, and 50 trucks transport the production of this plant on a daily basis.
Khaledzadeh added that 160 million euros’ worth of exports were made during the 9 months of the current Iranian year (started March 21, 2018), and the value of exports is forecasted to rise to 230 million euros by the end of the year.
Iran's Kordestan Petrochemical Plant was commissioned with 14.1 trillion rials’ (app. $336 million) worth of domestic and foreign investment in April 2017. The facility employs 700 people.
The plant has an annual production capacity of 300,000 tons of light polyethylene.