Volume. 11887

Iran’s 9-month petrochemical exports exceed $8.1b
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c_330_235_16777215_0___images_stories_edim_mg1(6).jpgTEHRAN – Iran exported $8.116 billion worth of petrochemical products in the first nine months of the current Iranian calendar year, which began on March 21, according to the latest report released by the Iranian Customs Administration.
The value of Iran’s annual petrochemical output may double to $40 billion, Oil Minister Bijan Namdar Zanganeh said in September.
For the time being, the value of domestic petrochemical products per year is about $20 billion, he said, hoping that the figure would increase to $40 billion.
Between 1996 and 2006, the first surge in the value of petrochemical output occurred, so that the annual production increased from $1 billion to $20 billion, IRNA quoted Zanganeh as saying on Friday.
In the second surge, the figure will reach $40 billion, he added.
Iran exported about $12 billion worth of petrochemical products in the previous Iranian calendar year (March 2012-March 2013).
East Asia, Central Asia, Southeast Asia, and Africa were the main destinations of Iran’s petrochemical products.
According to officials, the country’s petrochemical output is projected to hit 100 million tons by 2015.

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