Iran’s petrochemical output projected to increase by 8 million tons by March 2013

Nine petrochemical projects will be implemented in the current Iranian calendar year (began on March 20), which will boost the country’s output by 8 million tons.

The projects will create over 3600 jobs, the Shana news agency reported.

Iran has implemented 38 plans to boost its petrochemical output.

China and countries in Western Europe are the main recipients of Iran’s petrochemical exports, followed by countries in Southeast Asia, the Middle East, the Indian Subcontinent, Africa, and Latin America.

Iran is seeking new markets for its petrochemical products, according to National Petrochemical Company (NPC) Managing Director Abdolhossein Bayat.

Bayat recently told the Mehr News Agency that the NPC has been identifying new export targets for the past two years.

And boosting exports of polymer products is on the agenda, he added.

On April 18, Bayat said that Iran exported $14 billion worth of petrochemical products to 60 countries during the previous Iranian calendar year (March 2011-March 2012).

He added that $10.5 billion of oil income will be allocated for the development of the national petrochemical industry.

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