Industry, Logistics & Shipping

Iran petchem export up by $468m in 4 months

Iran’s petrochemicals exports between March and July reached 7.188 million tons, worth more than $3.496 billion, a report said.

In the same period of preceding year the amount was 6.847 million tons valued at $3.028 billion, reported Irna, citing a Ministry of Petroleum report.

The production procedure in different regions are passing through a desirable process and considering receiving feeds and repairs programs by companies they are producing domestic and exporting productions.

Until July 22, in Pars Energy Special Economic Zone, Nouri Petrochemical Complex by exporting more than $4.5 million ranked first among complexes of the zone.

Pars Petrochemical by exporting more than $310 million took the second rank and Zagros Petrochemical by exporting more than $299.799 million ranked third in the zone.

Totally more than 3.835 million tons different types of petrochemicals worth more than $1.860 billion were exported from Pars Special Economic Zone in the first four months of the year.

Complexes in Petrochemical Special Economic Zone exported 1.837 million tons worth $830.466 million in four months.

Other petrochemical companies in the country exported 1.515 million tons different types of petrochemicals worth more than $805,000.

Implementation of Joint Comprehensive Plan of Action (JCPOA) and elimination of sanctions caused a jump in exporting petrochemicals and opened new market doors in Europe and South America on Iranian products.

Petrochemicals production capacity is to reach to 72 million tons by launching six new plans until the end of this year (March 21, 2018), the report said.