Iran’s monthly petrochemical output hits 4.3m tons
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.