TEHRAN- Iran exported $9 billion worth of petrochemical products since the beginning of current Iranian calendar year (March 21, 2014), according to an official in the National Iranian Petrochemical Company (NIPC).
The country produced 40 million tons of petrochemical products since the beginning of current Iranian year, the Shana News Agency reported on Sunday quoting Ali Mohammad Basaqzadeh, director for production control of NIPC.
Iran’s annual petrochemical output is forecast to hit 43 million tons by the yearend (March 20, 2015), Basaqzadeh stated.
In June 2014, National Iranian Petrochemical Company Managing Director Abbas She’ri-Moqaddam said Iran plans to boost annual petrochemical production capacity to 180 million tons from around 60 million tons currently.
He said once 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.
However, he did not set a specific date by which the goal would be realized.
"The finance required to implement the projects is planned to be secured through attracting foreign investment,” he added.
The official said that by implementing four petrochemical plans, worth $41 billion, Iran’s annual petrochemical output will witness a two-million-ton growth in the current Iranian calendar year.