EconomyIran

Iran to double petrochemical output to 100 million tons by 2015

Iran has developed 69 plans to boost its petrochemical output from this year’s 54 million tons to 100 million tons in 2015, said Emam Khomeini Petrochemical Company Managing Director Hasan Taqavi Ganji.
Iran exported some $12 billion worth of petrochemical products during the past 11 months, Fars news agency reported.

The production manager of National Petrochemical Company (NPC), Mohammad-Ali Bassaqzadeh, said that 30 kinds of petrochemical products have been exported to Asian, European, and African countries in the past 11 months.

Bassaqzadeh said that the figure shows a 75 percent increase compared with the same period last year.

He expressed hope that Iran’s petrochemical exports would hit the planned target of 14 billion dollars by March 19, the last day of the Iranian calendar year.

Last year, Iran exported 16.2 million tons of petrochemical products to 60 countries and regions around the world.

According to the report, Western Europe and China are the main recipients of Iran’s petrochemical exports, followed by Southeast Asia, the Middle East, the Subcontinent, Africa and Latin America.

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