Iran’s export of petrochemicals hit 2.48 million tons in the first six months of the current Iranian calendar year (started on March 21), bringing in more than $1.629 billion revenue to the country, the SHANA News Agency reported Sunday.
یThe country’s petrochemical output is anticipated to take a year-end hike once phases 15, 16, 17, and 18 of the South Pars gas field come on stream, swelling revenue from the sector up to $2 billion.
Iran’s current petrochemical production could strike an annual record of 120 million tons if all progressive 60 projects were accomplished. Also, pumping $41 billion into 36 new projects will bring about an annual petrochemical production of around 180 million tons.
Iran, one of the world's top oil producers, exported around $14 billion of petrochemical products in 2014, the Fars news agency reported in April, down from more than $18 billion in 2011.
A rekindling of direct foreign investment in Iran’s huge petrochemical sector once sanctions are lifted can breathe fresh air into the country’s ailing economy.