TEHRAN- According to the latest report released by Iranian Industry Ministry, total production of chemical and petrochemical products in the past Iranian calendar year 1395 (ended on March 20), witnessed a nine-percent increase, IRNA reported.

Iran could manage to produce 50.73 million tons of such products in the last year, while the figure was 46.56 million tons in its preceding year.

The country’s production of chemical products stood at 44.598 million tons in 1395, rising 9.2 percent from 40.846 million tons in 1394.

National Petrochemical Company (NPC) plans to increase its nominal production capacity by three percent by the end of the current Iranian calendar year (March 20, 2018).

Ali-Mohammad Bossaqzadeh, the production control director of NPC, said the goal will be achieved through implementing new petrochemical projects in the country, Shana news agency reported in late May.

Seven new petrochemical projects are planned to be implemented in the country by the end of the current calendar year, Bossaqzadeh had previously announced.

HJ/MA