iran-china

Tehran, Beijing to build joint industrial park in Iran

TEHRAN (ISNA)- Iran and China plan to establish an industrial estate for petrochemical projects, refinery, steel industries and aluminum projects in Jask Port, Hormuzgan Province, southern Iran.

“The industrial park 3000-4000 hectare large will be established in Jask Port,” said Iranian Minister of Industry, Mine and Trade Mohammad-Reza Nemat-Zadeh.

Locations for nine industrial projects on converting gas to olefin and propylene have been found, he said.

Nemat-Zadeh added that the country’s petrochemicals production and exports rose receptively by 22 and 38 percent since 1990.

Iran also exported $15 billion of petrochemicals in 2012, Nemat-Zadeh said, adding the amount would hit $12-13 billion this year.

An Iranian official in Iranian Ministry of Industry, Mine and Trade said on Saturday that China is receiving over 50 percent of Iranian exports.

Iran-China trading rose by 35 percent last year, hitting $52 billion, said Manager of Training Center of Iranian Ministry of Industry, Mine and Trade Abbas Khaleghi-Tabar, adding that China is the destination for 52 percent of Iranian exported goods, 16 percent of which are non-oil exports.

Iran’s exports to China jumped by 10 percent in 2014, totaling $28 billion, he said, adding China is a large market for Iranian exports.

The two countries are expected to hold a trading seminar on January 26 to be held by senior economic officials of the two sides as well as businessmen and traders. The two sides would discuss exports potentials, establishing companies in China and introducing trade, transportation, insurance and banking exhibitions and settling disagreements.

Iran can export oil, petrochemicals, truck, minerals, fundamental metals, aluminum, building stones, marble, granite, detergents, pistachio, almonds, saffron, caviar, shrimp, carpet, orange juice, chocolate, jam, cabbage and cauliflower to China.

He further noted that Iran is mainly buying electronic devices, tablet computers, cell phones, machinery and automobile from China.

By ISNA

 

The Iran Project is not responsible for the content of quoted articles.