21785
NPC Export Earns $3b in 3 Months
Energy

NPC Export Earns $3b in 3 Months

 Iran exported 5 million tons of petrochemical products during the first three months of the current Iranian year (started March 21) valued at $3 billion, coordination and supervision director of the National Petrochemical Company, Ali Mohammad Bosaqzadeh, said.
"NPC does not export reformate—the main source of aromatic bulk chemicals such as benzene, toluene, xylene and ethylbenzene which have diverse uses, most importantly as raw materials for conversion into plastics," he noted.
According to the official, reformates are first converted to higher value added products such as benzene and other aromatic compounds, and then exported to the target markets, ILNA reported.
Underscoring the surplus production of petrochemical goods, the official reiterated that 50% of such products are sent to target markets, especially in Europe.
On the critical issue of boosting exporting capacity, Bosaqzadeh said, "The historic deal between Iran and P5+1 can help us enter new markets. Nonetheless, the process of reclaiming our position in the market will take time."
Currently, 45 petrochemical units produce around 60 million tons of products, accounting for 36% of the total non-oil exports. According to global estimates, Iran holds 24% of Middle East's and 4.2% of the world's petrochemical production capacity.

 

Short URL : http://goo.gl/5b41TA

You can also read ...

Large Oil Vessel Anchors in Chabahar
A large crude carrier with a capacity of 50 million liters of...
China Shifts to Iranian Tankers to Keep Oil Flowing
Chinese buyers of Iranian oil are starting to shift their...
Replacement of France's Total Underway
Oil Minister Bijan Namdar Zanganeh said on Monday France’s...
Greek Island to Run on Wind and Solar Power
When the blades of its 800-kilowatt wind turbine start turning...
Vopak: More Volatility Expected in Oil Prices
A shipping revolution and a US plan to impose targeted crude...
Advantages, Challenges of Renewables Outlined
Saving water, creating sustainable jobs, curbing air pollution...
Plans to Expand Gas Pipelines by 1,000 Km 
Iranian Gas Engineering and Development Company plans to lay...
SP Oil Layer Loads 19th Cargo
The 19th batch of crude oil from South Pars Oil Layer in the...

Trending

Googleplus