Iran’s petrochemical exports hit 3.1M tons
Baku, Azerbaijan, Aug. 1
By Fatih Karimov - Trend:
Iran's petrochemical exports hit 3.1 million metric tons for the first four months of the current Iranian fiscal year, which began on March 21,Shana news agency reported Aug. 1.
The country exported $870 million of petrochemicals in the four-month period, said the report.
Iran plans to increase its annual petrochemical production by 900,000 metric tons by the end of the current Iranian calendar year, Marzieh Shahdaie, the director for projects at Iran's National Petrochemical Company (NPC), said in May.
The country's annual petrochemical output is projected to be doubled to 120 million metric tons.
National Iranian Petrochemical Company's Managing Director Abbas She'ri Moqaddam said in April that Iran plans to boost annual petrochemical production capacity to 180 million metric tons from around 60 million metric tons currently.
Once the semi-finished petrochemical projects are completed and a number of planned petrochemical units come on stream, the country's petrochemical output will be increased to 180 million tons per year, he said.
The country needs $31 billion to inaugurate 60 semi-finished petrochemical projects, he stated.