...

Six petrochemical projects operational in western Iran by 2015

Iran Materials 17 July 2012 17:04 (UTC +04:00)

Azerbaijan, Baku, Jul.17/ Trend F.Milad/


Six petrochemical projects will come on stream by 2015 in Iran's western provinces, the Shana News Agency reported.

Hamedan, Kermanshah, Ilam, Lorestan, Mahabad and Kordestan petrochemical projects have been completed by 80 percent, 98 percent, 92 percent, 57 percent, 76 percent and 51 percent, respectively.

On July 2, the Shana News Agency quoted National Petrochemical Company's managing director Abdolhossein Bayat as saying that there is no problem to sell petrochemical products both in domestic and in foreign markets.

Bayat said that Iran plans to increase petrochemical output by 5 million tons to 49 million tons in the current calendar year, which ends on March 20.

He added that nine petrochemical projects will be implemented in the current year which will boost the country's output by 5 million tons.

The country's installed petrochemical production capacity is currently about 55 million tons, he noted.

Bayat already said that the country's petrochemical exports have not declined despite EU sanctions.

Iran has explored new destinations to export its petrochemical products, he said, adding that currently exporting petrochemical products to Europe is regularly underway.

Iran exported some $14 billion worth of petrochemical products to 60 countries last calendar year, Bayat said in April.

He added that $10.5 billion of oil income will be allocated to the development of the national petrochemical industry.

Iran has developed 69 plans to boost its petrochemical output from the past year's 54 million tons to 100 million tons in 2015.

Tags:
Latest

Latest