ID :
192655
Mon, 07/04/2011 - 08:49
Auther :
Shortlink :
https://oananews.org//node/192655
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Iran Expects $14bln Revenue from Petrochemical Products
TEHRAN (FNA)- A senior Iranian economic official said that the country expects to earn $14bln through exports of petrochemical products during the current Iranian year (started on March 21).
Managing-Director of the National Iranian Petrochemical Company Abdolhossein Bayat said the value of Iran's petrochemical exports is expected to reach $14 billion by the end of the current Iranian year (March 21, 2012).
He announced that Iran has exported $2 billion worth of petrochemical products in the two months ending May 20.
Bayat said that 2.8 million tons of petrochemical products were exported in the Iranian calendar months of Farvardin and Ordibehesht (March 21-May 20).
In May, Iranian First Vice-President Mohammad Reza Rahimi stressed that Iran plans to double the volume of its petrochemical products by building dozens of production units across the country.
"The capacity of annual petrochemical production in Iran stands at 51mln tons and we are going to double this capacity by creating 66 different units to add 65mln tons to the current figure," Rahimi said, addressing the 9th International Petrochemical Forum here in Tehran.
Iran, the world's fifth largest oil producer, exported around 14mln tons of petrochemical products worth more than $12bln in 2010.
The country inaugurated a number of giant petrochemical projects in Khuzestan province in Southwestern Iran in February.
One of the projects was Amir Kabir Light Petrochemical Polyethylene worth $310 million with a production capacity of 300,000 tons a year.
The project was completed at a time when foreign companies such as Siemens of Germany stopped cooperation in the project under the pretext of the sanctions imposed on Iran by the US and the EU.
The other petrochemical units included the light polyethylene of Amir Kabir Complex, part of phase 2 of Fajr Complex and the hard polystyrene unit of Tabriz Complex.
Managing-Director of the National Iranian Petrochemical Company Abdolhossein Bayat said the value of Iran's petrochemical exports is expected to reach $14 billion by the end of the current Iranian year (March 21, 2012).
He announced that Iran has exported $2 billion worth of petrochemical products in the two months ending May 20.
Bayat said that 2.8 million tons of petrochemical products were exported in the Iranian calendar months of Farvardin and Ordibehesht (March 21-May 20).
In May, Iranian First Vice-President Mohammad Reza Rahimi stressed that Iran plans to double the volume of its petrochemical products by building dozens of production units across the country.
"The capacity of annual petrochemical production in Iran stands at 51mln tons and we are going to double this capacity by creating 66 different units to add 65mln tons to the current figure," Rahimi said, addressing the 9th International Petrochemical Forum here in Tehran.
Iran, the world's fifth largest oil producer, exported around 14mln tons of petrochemical products worth more than $12bln in 2010.
The country inaugurated a number of giant petrochemical projects in Khuzestan province in Southwestern Iran in February.
One of the projects was Amir Kabir Light Petrochemical Polyethylene worth $310 million with a production capacity of 300,000 tons a year.
The project was completed at a time when foreign companies such as Siemens of Germany stopped cooperation in the project under the pretext of the sanctions imposed on Iran by the US and the EU.
The other petrochemical units included the light polyethylene of Amir Kabir Complex, part of phase 2 of Fajr Complex and the hard polystyrene unit of Tabriz Complex.
