Iran to double petrochemical output to 100 million tons by 2015

Iran Materials 10 March 2012 15:13 (UTC +04:00)

Azerbaijan, Baku, Mar. 10/ Trend F.Milad/

Iran has developed 69 plans to boost petrochemical output from 54 million tons in the current year to 100 million tons by 2015, the managing director of Emam Khomeini Petrochemical Company, Hasan Taqavi Ganji, said.

Iran exported some $12 billion worth of petrochemical products during the last 11 months, Fars news agency reported.

The production manager of National Petrochemical Company (NPC), Mohammad-Ali Bassaqzadeh, said that 30 kinds of petrochemical products have been exported to Asian, European, and African countries for the last 11 months, the report said.

Bassaqzadeh said that the figure shows a 75 percent increase compared to the same period of last year.

He expressed hope that Iran's petrochemical exports would hit the planned target of $14 billion by March 19 which is the last day of the Iranian calendar year, Fars reported.

Last year, Iran exported 16.2 million tons of various petrochemical products to 60 countries and regions around the world.

According to the report, Western Europe and China are the main destinations of Iran's petrochemical exports, followed by south-east Asia, the Middle East, Indian subcontinent, Africa and Latin America.