Iran eyes to raise petrochem export to 65 mln tons by 2020
Tehran, Iran, Oct. 18
By Mehdi Sepahvand, Fatih Karimov – Trend:
Iran plans to increase its petrochemical export to 65 million tons by 2020, Marzieh Shah-Daei, the country’s deputy oil minister, said.
Shah-Daei, who heads Iran's National Petrochemical Company (NPC), made the remarks in second Iranian Petroleum and Energy Club Congress & Exhibition (IEPC 2016) in Tehran on Oct. 18, Trend's correspondent reported from the event.
She said that Tehran has exported 19.1 million tons of petrochemicals during the current fiscal year (started March 20, 2016).
Shah-Daei further said that the country’s actual petrochemical output capacity is around 63 million tons per year, adding that the capacity is planed to reach 130 million tons by 2020 and 180 million tons by 2025.
She said that 50 petrochemical development projects have been defined, needing more than $30 billion of investment.
Once the projects are implemented, more than 40 million tons will be added to the country's petrochemical production capacity, Shah-Daei added.
Iran produced 46.4 million tons of petrochemicals during the last fiscal year (ended March 20), but for the current year, the figure is planned to reach 54.7 million tons.
Iran’ petrochemical exports increased by 22 percent to $8.698 billion during the first half of the current fiscal year. The volume of the petrochemical exports also registered a rise by 53 percent to 18.719 million tons in the first half of the current fiscal year.