Home / Knowledge / News / Textiles / Iran earns $9.19bn from petrochemical exports in 10 months
Iran earns $9.19bn from petrochemical exports in 10 months
28
Jan '14
Iran has earned approximately US$ 9.19 billion from export of petrochemical products during the first ten months of the ongoing Iranian calendar year that began on March 21, 2013, FARS News Agency reported quoting data from Iran Customs Administration.
 
In the last Iranian calendar year that ended on March 20, 2013, the country earned $12 billion from petrochemical exports to nearly 60 countries.
 
In recent years, Iran has significantly expanded the range and volume of its petrochemical production, and the National Petrochemical Company (NPC) has become the second largest producer and exporter of petrochemical products in the Middle-East, after Saudi Arabia.
 
The Government of Iran has set an ambitious target of producing over 75 million tons of petrochemical products in the ongoing Iranian calendar year from the previous year’s production of 60 million tons.
 
The Government expects the country’s petrochemical production to reach 100 million tons in 2015, as enshrined in Iran’s fifth Five-year Economic Development Plan.
 
To achieve the 100 million ton production target, the National Petrochemical Company (NPC) has defined twenty new petrochemical projects and has invited both Iranian and foreign investment in those projects.
 
Meanwhile, at the recent annual World Economic Forum in Davos, Switzerland, President Hassan Rouhani invited global oil and petrochemical giants to invest $75 billion dollars in the country’s petrochemical sector and $110 billion dollars in the oil sector.
 
The President said his country’s signing of a nuclear accord with the world powers has led to lifting of some sanctions against his country, and Iran now has a good investment environment now.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Urs Stalder
Sanitized AG

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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