Iranian petrochemical plants are keen on building up their presence in international markets in the current calendar year (started March 20), as several major petrochemical plants are planned to come on-stream before mid-2017, a senior petrochemical official said.
Speaking with NIPNA, Director General of the Association of
Petrochemical Industry Corporations (APIC) Ahmad Mahdavi said petrochemical
plants are stepping up completion of unfinished projects in a push to bolster
their presence in international markets.
He said Iran earned $14b from export of petrochemicals over
the course of the previous Iranian calendar year, adding efforts are underway
for boosting the number in the current year.
Iranian petrochemical plants processed 46 million tons of
products last year, but are aiming to bring the number to over 50 million
metric tons in the current calendar year.
Mahdavi said China, India, Africa, central Asia and Turkey
make up the biggest markets for Iranian petrochemical producers, adding,
"The removal of sanctions has opened up European markets to Iranian
exporters and some Iranian cargoes are being exported to the green
He further said that government support is needed for
ensuring foreign investments in the country's petrochemical sector, adding
talks are currently underway for ensuring such support.