|Iran exports $950m of petrochemical products||
TEHRAN – Iran exported 928,000 tons of petrochemical products, valued at $950m, in the first five months of the current Iranian calendar year, which began on March 21.
Liquefied petroleum gas, including butane and propane, accounted for the lion’s share of petrochemical exports, amounting to 459,000 tons, the Shana news agency reported on Saturday.
Iran’s oil and petrochemical exports have increased following some sanctions relief on the Islamic Republic, including the EU and U.S. bans on the country’s petrochemical exports.
Iran plans to boost annual petrochemical output to 180 million tons from around 60 million tons currently.
National Iranian Petrochemical Company Managing Director Abbas She’ri-Moqaddam has said the country’s petrochemical output is projected to be increased to 180 million tons per year.
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