Home / Knowledge / News / Textiles / Iran's petrochemical exports touch $838mn in 4 months
Iran's petrochemical exports touch $838mn in 4 months
08
Aug '14
The exports of petrochemical products from Iran earned US$ 838 million in the first four months of the current Iranian calendar year that began on March 21, 2014, according to an IRNA report.
 
During the four-month period, Iran exported 831,000 tons of petrochemical products, which mainly included propane and butane, followed by styrene, paraxylene, benzene, polyethylene, PET and other petrochemicals.
 
According to the data, Iran’s petrochemical exports increased by about five percent year-on-year during the four-month period.
 
In the last calendar year, Iran’s petrochemical exports increased by about one percent year-on-year to US$ 10.723 billion. Asian, African and Eastern European countries were the main buyers of Iran’s petrochemical products.
 
In the current Iranian calendar year, Iran’s petrochemical exports are likely to touch $12 billion.
 
At present, over 70 petrochemical projects are under construction in Iran, of which, around 12 to 15 projects are likely to come on stream within the next four years. Once operational, these projects are estimated to raise Iran’s petrochemical output by 10 million tons and bring $26 million in foreign exchange for the country.
 
Iran has the world’s largest natural gas reserves and the third-largest proven oil reserves. The country is now aiming to become the largest petrochemical producer in the Middle East region, and it has significantly expanded the range and volume of its petrochemical production over the past few years.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Kevin Nelson
TissueGen

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

Marcel Alberts
Eurofibers

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

Kerem Durdag
Biovation II LLC

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra
Huemn

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search