Iran focuses on $12 billion annual petrochemical exports
Azerbaijan, Baku, Nov.22 / Trend F.Milad/
Iran has exported over $8 billion worth of petrochemical products in the first seven months of the current calendar year beginning March 21, 2011 and plans to increase its exports to $12 billion by the end of the year, the National Petrochemical Company's managing director said.
The country exported some 10.5 million tons of petrochemicals to 60 countries in the aforementioned period of time, NPC director Abdolhossein Bayat told the Mehr news agency.
Exports are respectively 11 per cent and 34 per cent higher than the last year's figures in terms of weight and value, Mr Bayat added.
Mr Bayat said in July that Iran produced more than 40 million tons of petrochemical goods in the last Iranian calendar year.
The country also exported 18 million tons of petrochemical products worth $11.6 billion last year, showing a 26 per cent increase compared to two years ago, he added.
Iran has expanded the range and volume of its petrochemical products significantly over the past few years and the NPC has become the second largest producer and exporter of petrochemicals in the Middle East.