TEHRAN- Iran exported over 22.41 million tons of petrochemical products worth more than $12 billion in the past Iranian calendar year (ended on March 20), IRIB news reported citing the data released by National Petrochemical Company (NPC).

Exports from Assalouyeh and Mahshahr petrochemical zones, both in southwest of the country, stood at 11.423 million tons worth $5.977 billion and 6 million tons worth $3.41 billion, respectively, during the past year.

Iran’s export of petrochemical products is anticipated to reach $14 billion in the current Iranian calendar year, NPC Managing Director Seyed Reza Norouz-Zadeh said in early April.

The official also announced that through completing some petrochemical projects in this year, petrochemical production is expected to hit 47 million tons, of which some 27 million tons will be exported, Shana news agency reported.

NPC managing director further said that 60 petrochemical projects with the nominal capacity of 65.4 million tons are currently underway throughout the country with $42.8 billion of investment.

Iran is among the few countries which have all kinds of petrochemical feedstock.

MA