Iran H1 Petchem Export Up at $1.6b

TEHRAN Oct. 4 (Shana) – Iran’s Petrochemical Commercial Company (PCC) exported 2.48 million tons of petrochemical products valued at 1.629 billion dollars during the first half of the current year (March 21-Sept 22).

The company expects that with completion of phases 15-18 of South Pars gas field and production boost, the export value can hit 2 billion dollars by end of the year (March 20).

Based on the policies of the Ministry of Petroleum which discourages crude sale of products in a bid to boost employment, PCC announced, petrochemicals’ annual production can amount to 120 million tons.

It can pass 180 million tons after an investment of 41 billion dollars.

In addition to provision of the proper feed, investment is required in the purchase of new equipment for the industry, the company said.