Iran to inaugurate several petrochemical projects

Tehran, Iran, Aug. 18 By Mehdi Sepahvand –- Trend: Iran is going to inaugurate eight new petrochemical projects during the current Iranian fiscal year (ending March 20), Ali Mohammad Bosaqzadeh, an official with the Iranian National Petrochemical Industries Company, said. He added that Iran’s petrochemical production increased by 4 percent in the current Iranian calendar year (since March 21), Mehr news agency reported August 18. According to Bosaqzadeh, 18 million metric tons of petrochemical products were produced from March 21 to July 22. He said eight petrochemical firms across the country had productions above 90 of their nominal capacities in the meantime. During the period, Iran sold about 4.4 million metric tons of petrochemical products worth 860 trillion rials ($28.8 billion) in the domestic market. The country also exported 6.5 million metric tons of petrochemical products worth $3.6 billion in the meantime. The numbers show that Iran’s petrochemical export increased by 10 percent compared to last year. Edited by CN Stay up to date with latest Iran news on our specialized Facebook page Follow us on Twitter @TRENDNewsAgency