Iran to increase petrochemical exports in Persian Gulf
Azerbaijan, Baku, August 20 /Trend/
Iran will increase capacity to export petrochemical products in Persian Gulf region in mid-September, Mehr News Agency reported quoting an official in National Petrochemical Company Abdolreza Baoush as saying.
"The second harbor with capacity to ship 2 million tons of petrochemical products in Mahshahr port will be launched by mid-September and it is expected to increase Iran's petrochemical exports," he said.
A total of 94 percent of the project in the Special Petrochemical Economic Zone is completed and the new technologies would enable to simultaneously export 50 petrochemical products.
More than $135 million in addition to 9 million Euros invested on the project and expect to increase export level and attract more investment.
Iran 's share of petrochemical product export in the Middle East increased on current year to 24.53 becoming second largest producer and exporter of petrochemicals in the region while the volume of its production capacity in the world increased to 2.35 percent.
The National Petrochemical Company reported $415,000 invested on petrochemical industry during past two years.