Petrochemical exports net over $14 billion in Iran

Azerbaijan, Baku, July 18/Trend M. Moezzi

Iranian petrochemicals production has reached 18.2 million tonnes and earned the country $14.6 billion (USD) last year, illustrating the industry's multifold growth from 1989 when 355,000 tonnes of products worth $500 million were produced by the country.

The National Petrochemical Company's (NPC) managing director, Abdol Hossein Bayat, said the goal set out in the country's 2025 outlook document is that Iran will be the region's top producer of
petrochemical products, the iribnews.ir website reports.

When the 73 projects currently underway are finished though $50 billion of investments by the end of the country's Fifth Five Year Plan (2011-2015), Iran's installed petrochemical capacity will be 55
million tonnes said Mr. Bayat.

Huge supplies of feedstock and plentiful energy sources, access to open waters, producing standardized materials and having a skilled and experienced workforce are among the advantages Iran's petrochemical industry has today.

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