TEHRAN- Iran has exported 19 million tons of petrochemical products worth $10 billion since the beginning of the current Iranian calendar year (March 20, 2016), National Petrochemical Company (NPC) Managing Director Marziyeh Shahdaie announced on Sunday.

The official also announced that five new petrochemical projects will come on stream in the country in the upcoming calendar year (which will start on March 21, 2017), Mehr news agency reported.

Iran is producing 65 million tons of petrochemical products annually and the country plans to triple its installed capacity of petrochemical complexes in the next ten years, according to Shahdaie.

“Iran has reached 70 percent self-sufficiency in manufacturing equipment needed in petrochemical industry,” the NPC managing director has said.

After the implementation of Iran’s nuclear deal, NPC has received high willingness from European companies for cooperation with Iran in the petrochemical sector both in financing and licensing.

MA/MG