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Iran invests $46 billion in petrochemical industry

Iran Materials 10 April 2012 16:53 (UTC +04:00)

Azerbaijan, Baku, April 10/Trend M. Moezzi

Until today, $46 billion (USD) have been invested in Iran's petrochemical industry, Shana news agency reports an official as saying.

The Bushehr Province, which borders the Persian Gulf, has been the recipient of $10 billion of that investment said Abdol Hossein Bayat, the head of National Petrochemical Company (NPC).

While Iran exported 18 million tons of petrochemicals worth $14 billion last year (the country's solar year ended on March 19), the petrochemical industry has to work toward producing, and exporting,
finished products, said Mr. Bayat who was attending the opening of a new petrochemical unit at Pars Special Economic Energy Zone (PSEEZ) in Asaluyeh.

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