Iran's petrochem revenue surges to $2bn
Tehran, May 25, 2013
Iran has earned up to $2 billion in revenue from its petrochemical projects since the beginning of the new Iranian year which started on March 21, 2013, said a report citing a top industry official.
Five petrochemical projects have come online during the period, reported the semi-official Fars news agency.
"These projects have raised nameplate production of petrochemicals by 2.728 million tons," revealed National Petrochemical Company's managing director Abdolhosain Bayat.
"Since 2005, 51 petrochemical projects have come on stream with $22 billion investment raising the nominal production capacity of petrochemicals by 38 million tons per year, said Bayat on the sidelines of the inauguration of a hydrogenation unit at Tabriz petrochemical plant.
"In case of providing financial needs, production capacity of petrochemical products will hit 100 million tons in 2015," he added.-TradeArabia News Service