Home / Knowledge / News / Iran eager to develop its petrochemical industry
Iran eager to develop its petrochemical industry
01
Dec '12
Noting that Iran is eagerly trying to develop its petrochemical industry, the National Petrochemical Company (NPC) Managing Director Abdolhossein Bayat said the country’s petrochemical exports for first seven months of the current fiscal that started on March 20 surpassed the US$ 7 billion mark at 9.9 million tons.
 
As quoted in Tehran Times, Mr. Bayat said looking to aid the sector’s development NPC is greatly focusing on attracting investments in the sector and investment opportunities worth around US$ 80 billion have been identified in the domestic upstream as well as downstream petrochemical sectors.
 
He said it is planned to allocate US$ 10.5 billion worth of oil revenues for development of the country’s petrochemical industry.
 
Over the past three years, 38 petrochemical projects have been executed in the country to increase its petrochemical output, and it is planned to implement 9 more projects this year, which would increase the sector’s output by 8 million tons, he added.
 
Mr. Bayat said Iran exported petrochemical exports worth US$ 14 billion to 60 countries during last fiscal.
 
China and Western Europe are the main export destinations for Iranian petrochemical products, followed by Africa, Latin America, India, Middle East and Southeast Asian countries.
 
While the country is looking at expanding its petrochemical export base by adding new markets, NPC has been realizing new export targets over the past two years, and enhancing exports of polymer products to achieve this end.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search