Breaking News
 |  | 

Business

Petrochemicals export increases by $468m in 4 months

Tehran, Aug 20, Total petrochemicals export in the first four months of the year 1396 (March 21- July 22) reached 7.188 million tons worth more than 3.496 billion dollars.

According to the report of Ministry of Petroleum, in the same period of preceding year the amount was 6.847 million tons valued at 3.028 billion dollars.

The production procedure in different regions are passing through a desirable process and considering receiving feeds and repairs programs by companies they are producing domestic and exporting productions.

Until July 22, in Pars Energy Special Economic Zone, Nouri Petrochemical Complex by exporting more than 4.5 million dollars ranked first among complexes of the zone.

Pars Petrochemical by exporting more than 310 million dollars took the second rank and Zagros Petrochemical by exporting more than 299.799 million dollars ranked third in the zone.

Totally more than 3.835 million tons different types of petrochemicals worth more than 1.860 billion dollars were exported from Pars Special Economic Zone in the first four months of the year.

Complexes in Petrochemical Special Economic Zone exported 1.837 million tons worth 830.466 million dollars in four months.

Other petrochemical companies in the country exported 1.515 million tons different types of petrochemicals worth more than 805,000 dollars.

Implementation of Joint Comprehensive Plan of Action (JCPOA) and elimination of sanctions caused a jump in exporting petrochemicals and opened new market doors in Europe and South America on Iranian products.

Petrochemicals production capacity is to reach to 72 million tons by launching six new plans until the end of this year (March 21, 2018).

Source: Islamic Republic News Agency

petrochemicals-export-increases-by-468m-in-4-months

ABOUT THE AUTHOR


The iran News Gazette is mainly concerned with news and information about the Arab region and also covers international issues. Its main objective is to provide reliable and verified information on the Arab region for publishing on the digital landscape.