Iran building four petrochemical plants in Arvand free zone
Baku, Azerbaijan, Feb.18
By Fatih Karimov - Trend:
The construction of four petrochemical plants has begun in Iran's Arvand free zone in the southwest of the country, IRIB quoted zone Director Esmaeil Zamani as saying on February 18.
Some 622 billion rials, about $25 million, will be invested in the projects, he added. The plants will produce various types of thinner, paint, glue, anti-freeze and solvent.
The four plants have a total capacity of producing 78,000 tons of chemical compounds and petrochemicals per year, he noted.
Iran's petrochemical exports surpassed $9.19 billion during the first 10 months of the current solar year (started on March 21, 2013), the country's customs administration reported on Jan. 25.
The country's petrochemical exports stood at $8.116 billion during the first nine months of the current solar year which indicates a 2.3 percent decrease compared to the same period of the preceding year.
Western countries suspended certain sanctions against Iran as the Geneva nuclear deal came into force on Jan. 20.
The prohibition on the import, purchase or transport of Iranian petrochemical products and related services was suspended as a result of the nuclear deal implementation.
Exports of Iran's gas condensates stood at $8.520 billion for the first 10 months of the current Iranian calendar year, according to the country's custom administration's report.
Edited by S.M.