Iran reports on production of petrochemicals

Feb 10, 2002 01:00 AM

With the production of 13 mm tons of petrochemical products in the current Iranian year (started 21 March 2001), the value of petrochemicals produced will reach $ 1.8 bn, Managing Director of the National Petrochemical Company (NPC) and Deputy Oil Minister, Mohammad Nematzadeh stated. Mr. Nematzadeh added that about 8 mm tons of petrochemical products is sold in the market and the remaining are intermediary products.
The official said that the petrochemical projects currently under preparation will increase the capacity of petrochemical production to 30 mm tons by the end of the Third Five-Year Development Plan (2000-2005), adding that presently the production of petrochemicals, in terms of value, covers 1.4 % of the country's GNP. Based on projections, this will increase to 3 % in the next 5 years.
Mr. Nematzadeh reported that next year, 20 major projects will be implemented in the petrochemical industry. He added that the MTBD project of Imam Khomeini Port and heavy polyethylene project of Amir Kabir petrochemical, artificial threads (polyester) and pet bottles projects of Shahid Tondgouyan will be implemented next year.
The Deputy Oil Minister added that Bu Ali Sina Petrochemical, producing various Aromatics and Khuzestan Petrochemical, producing industrial plastics will be completed soon.

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