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Petchem exports from Iran hit $10 bln since last March

Iran has exported 19 mln tons of petrochemical products worth $10 billion.

Petchem exports from Iran hit $10 bln since last March


Iran has exported 19 million tons of petrochemical products worth $10 billion since March 2016, National Petrochemical Company (NPC) Managing Director Marziyeh Shahdaie announced on February 27, 2017.

The official also announced that 5 new petrochemical projects will come on stream in the country in the upcoming iranian calendar year (which will start on March 21, 2017).

Iran is producing 65 million tons of petrochemical products annually and the country plans to triple its installed capacity of petrochemical complexes in the next 10 years, according to Shahdaie. «Iran has reached 70 % self-sufficiency in manufacturing equipment needed in petrochemical industry,» the NPC managing director has said.

After the implementation of Iran’s nuclear deal, NPC has received high willingness from European companies for cooperation with Iran in the petrochemical sector both in financing and licensing.


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