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Official: Iran exports petrochemicals to 60 countries

Iran Materials 7 April 2012 15:31 (UTC +04:00)

Azerbaijan, Baku, Apr. 7/ Trend F.Milad/

Iran exported petrochemical products worth $14 billion to 60 countries in the last calendar year, which ended on March 19, the National Petrochemical Company's (NPC) managing director Abdolhossein Bayat said on Saturday.

Abdolhossein Bayat added that $10.5 billion of oil income will be allocated to the development of petrochemical industries, Pana news agency reported.

Iran has developed 69 plans to boost its petrochemical output from 54 million tons this year to 100 million tons in 2015.

NPC production manager, Mohammad-Ali Bassaqzadeh, said that 30 kinds of petrochemical products have been exported to Asian, European, and African countries during the last 11 months.

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, the last day of the Iranian calendar year.

Western Europe and China are the main recipients of Iran's petrochemical exports, followed by Southeast Asia, the Middle East, the Subcontinent, Africa and Latin America.

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