Published on September 5, 2017
Iran’s petrochemical industry has experienced a hike of 6% in production in last five months and significant rise of 12 in exports from the country.
“Export volumes of petrochemical products have also risen in the ongoing year as the figures catapulted by 12 per cent in volume and 4% in value. In addition to development of the upstream sector, NPC has also put on agenda expansion of downstream projects with the aim of completing the production chain, which is turn, brings about a reduction in raw sales and an upsurge in sustainable employment opportunities.
The NPC official noted that a number of new petrochemical projects will come on stream later this year to further boost output capacity; “partnership of local banks and attraction of foreign investors can enhance the process.”
The production capacity for Iran’s petrochemical products is expected to reach 72 million tons worth 17 million dollars by the end of the present Iranian calendar year.
