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Petrochem Exports Generate $13 Billion

NPC hopes to lift nominal output capacity to more than 120 million tons per annum by 2022.NPC hopes to lift nominal output capacity to more than 120 million tons per annum by 2022.

Exports of petrochemical products generate $13 billion in revenues per annum, managing director of Social Security Investment Company—aka SATA— said.
“SATA’s petrochemical subsidiaries are striving to adapt their import and export policies to the new dollar exchange rate of 42,000 rials,” Ibrahim Mahmoudzadeh was also quoted as saying by IRNA. 
According to the official, although the government has set the rial/dollar exchange rate, feedstock price is still not clear.

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