Iran’s monthly petro­chem­i­cal out­put hits 4.3m tons

Iran Daily - - Domestic Economy -

Iran pro­duced 4.3 mil­lion tons of petro­chem­i­cal prod­ucts dur­ing the month to Septem­ber 22. Na­tional Petro­chem­i­cal Com­pany (NPC) fur­ther an­nounced that 57 Ira­nian petro­chem­i­cal com­plexes pro­duced 26.84 mil­lion tons of prod­ucts in the six months from March 21 to Septem­ber 22, Trend News Agency re­ported.

Iran’s nom­i­nal pro­duc­tion ca­pac­ity is to reach 70 mil­lion tons per year by March 2018.

Ac­cord­ing to a re­port, ob­tained by Trend, in to­tal 19.718 mil­lion tons of petro­chem­i­cal prod­ucts, worth $10.302 bil­lion were sold in do­mes­tic and for­eign mar­kets dur­ing the six-month pe­riod.

Iran ex­ported 11.176 mil­lion tons of petro­chem­i­cals val­ued at $5.576 bil­lion dur­ing the six months and about 8.66 mil­lion tons of petro­chem­i­cals were sold in the do­mes­tic mar­ket.

A to­tal of 21 petro­chem­i­cal com­plexes lo­cated in the port city of Mahshahr, Khuzes­tan Province, pro­duced over 9.877 mil­lion tons of prod­ucts (equal to 69 per­cent of nom­i­nal pro­duc­tion ca­pac­ity) while pro­duc­tion in 16 com­plexes in Asa­louyeh, Bushehr Province reached over 11.403 mil­lion tons dur­ing the pe­riod, which was 25 per­cent less than the pro­duc­tion ca­pac­ity of the com­plexes.

Iran plans to in­au­gu­rate seven petro­chem­i­cal plants in the year to March 2018 and plans to con­struct 23 more the fol­low­ing year.

In to­tal, 64 petro­chem­i­cal projects are ex­pected to be­come op­er­a­tional by 2021 to dou­ble the coun­try’s nom­i­nal pro­duc­tion ca­pac­ity in the next five years. Iran needs in­vest­ments to the tune of $20 bil­lion to meet this tar­get and a fur­ther $35 bil­lion to in­crease the fig­ure to 150 mil­lion tons per year by 2025.

traders to pay for the prod­ucts they buy from South Korean pro­duc­ers.”

The am­bas­sador said South Korean au­tomak­ers such as the Hyundai Mo­tor Com­pany, Ssangy­ong Mo­tor Com­pany and Kia Mo­tor Cor­po­ra­tion have al­ready started set­ting up their assem­bly lines in Iran.

Ker­man Mo­tor Com­pany is the sole dis­trib­u­tor of the cars man­u­fac­tured by Hyundai Mo­tor Com­pany in Iran, he said.

“Strenght­en­ing cul­tural re­la­tions with Iran is one of the main pur­poses of the South Korean Em­bassy in Tehran. On Novem­ber 4, we will hold an expo ti­tled ‘Silla and Per­sia: A Com­mon Mem­ory’ in Tehran, in co­op­er­a­tion with the Na­tional Mu­seum of Iran and Gyeongju Na­tional Mu­seum Re­pub­lic of Korea, to put on dis­play 144 an­tiq­ui­ties, his­tor­i­cal ob­jects and ar­ti­facts.”

These his­tor­i­cal ob­jects and ar­ti­facts be­long to Gyeongju Na­tional Mu­seum Re­pub­lic of Korea, which were trans­ferred to Tehran on Oc­to­ber 22.

Com­ment­ing on the present edi­tion of the Tehran Press Ex­hi­bi­tion, he said, “Like the pre­vi­ous edi­tion of the expo, I see that quite a large num­ber of peo­ple are vis­it­ing the expo. In South Korea we do not hold such fairs. This ex­po­si­tion was a good op­por­tu­nity for me to meet Ira­nian jour­nal­ists and press­men and pay vis­its to the pavil­ions of many Ira­nian me­dia.

SHANA

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