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Iran to Raise Petchems Output to 60 million m.t. this Year; Starts Work on Fertilizer Complex

6:55 AM MDT | July 26, 2011 | Natasha Alperowicz

Adbolhossein Bayat, Deputy Minister of the Iranian Ministry of Petroleum and president of the National Iranian Petrochemical Co., (NIPC; Tehran) forecasts a significant growth in the country's petrochemicals output by the end of the current Iranian calendar year, which ends March 19, 2012. Production of petchems will rise to 60 million m.t. compared with the current output of 42 million m.t., he says. Iran currently exports  45% of its total production, which in the year ended March 2011 corresponded to 18 million m.t., worth $11.6 billion, he...

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