22 April 2017 - 19:09
  • News ID: 276408

Iran Eyes 25mt/y of Petchem Exports by Year-end

Iran Eyes 25mt/y of Petchem Exports by Year-end

TEHRAN, Apr. 22 (Shana) -- Iranian petrochemical facilities will have exported 25 million tons of petrochemicals by the end of the current Iranian calendar year which began on March 21, a senior official in the sector said.

The exports will be up from 21mt in the preceding year, said Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei who was speaking on the sidelines of the opening ceremony of 13th Iran Petrochemical Forum here in Tehran on Saturday. 

She said Iran is now spending golden years in its petrochemical sector, saying since the last edition of the forum, a lot of Iranian and foreign investors have indicated keenness to step in the sector. 

Marziyeh Shahdaei, who is also deputy petroleum minister in petrochemical affairs, said thanks to the upward swing in oil prices, "We shall be expecting to see a considerable growth in the country's petrochemical revenue this year." 

The NPC has held the forum at IRIB Int'l Conference Center in Tehran, Iran. The petrochemical industry is becoming more and more an indispensable and an integral part of human progress and growth. 

The industry, however, is facing a number of pressing issues and challenges. IPF-2017 focuses on some of these challenges and needs including sustainable use of hydrocarbon resources, shortage of feedstock especially natural gas, competitive solutions and state-of-the-art technologies to maximize returns and to diversify and enrich value chain.

The two-day forum also discusses the advantages and potentials of developing Iran’s petrochemical industry, exploring ways and means of expanding the industry’s mid- and down-stream sectors via joint venture alliances and attraction of international finances, utilizing domestic and international capabilities for developing and transferring advanced technologies, completing value chains, increasing value-added and developing new hubs with the aim of reaching an annual output capacity of 120 million tons by 2020 and 180 million tons by 2025.

News ID 276408

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