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: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search