24 Nov 2024
Tuesday 23 December 2014 - 19:58
Story Code : 9836

Iran to start ethylene link from south to northwest, Mehr says

Iran to start ethylene link from south to northwest, Mehr says
By Bloomberg

An ethylene pipeline that will carry the product to northwesternIranfrom the southern port town of Assaluyeh will start next month,Mehrreported, citing an official with the National Iranian Petrochemical Co.

Irans West Ethylene Pipeline, which can transport 2.5 million metric tons a year, will feed 13 petrochemical complexes in the Kermanshah province once operational, Ali-Mohammad Bassaqzadeh said in the state-run news agency report.

In the Iranian year that ended on March 19, the nation exported $14.2 billion worth of polymer and petrochemical products to more than 60 countries, Mehr said.

The Persian Gulf state exported 7.7 million tons of the products valued at $6.1 billion in the first six months of the year, NIPCs managing director Abdolhossein Bayat said in a report published today on the Oil MinistrysShananews website.

Iran, which is under financial and energy sanctions by Western nations over its nuclear program, is a member of the Organization of Petroleum Exporting Countries.

 

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