Iran ups petrochem exports by 5 percent in 6 months

TEHRAN (FNA)- Iran’s petrochemical exports have considerably increased in the first half of the current Iranian year (March 21- September 22) as compared with the same period last year, a senior energy official announced.

“Iran has exported 5 percent more petrochemical products in the first six months of the current year,” said Ali Mohammad Bosaqzadeh, an official at the National Iranian Petrochemical Company (NIPC) on Thursday.

He noted that the petrochemical production Iran has been rising since June 2013 and is expected to continue its increasing trend in the future,

The official reiterated that the surplus of Iran’s petrochemical output has been exported to foreign destinations besides supplying the domestic demands.

Iran produced 40 million tons of petrochemicals in the last Iranian year ended March 20, 2014), with $9bln worth of its products being exported.

The country plans to boost the value of its petrochemical exports to $12bln this year.

By Fars News Agency


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