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Iran's Oil Minister reveals plans for export of petrochemical products

Bojnourd, Khorassan prov, May 8, IRNA -- Oil Minister Bijan Namdar Zanganeh said here Saturday that according to the plans for the coming Iranian year (started March 20), over two billion dollar worth of petrochemical products will be exported from Iran up to the end of current year.

Speaking at the inaugural ceremony of Bojnourd Crystal Melamine Unit, he put the total value of the nationwide petrochemical production within the current year at 3.5 billion dollars.

"According to the plan, 200,000 tons of petrochemical products are expected to be produced domestically in 2004, which will show a 60 percent boost over 2002 once materialized.

"Some 21 billion dollars will be invested in the industry during the fourth and fifth development plans and 20 billion dollars worth of petrochemical goods will be exported from the country in accordance with the specified plans," he added.

Putting the value of the petrochemical goods produced in 1996 at 1.1 billion dollars, he said that the figure rose to 2.7 billion dollars in 2003.

Zanganeh noted that 1.2 billion dollars worth of petrochemical products have already been exported.

"The annual value added of the Crystal Melamine Production Unit of Khorassan Petrochemical Complex is 24 million dollars, while a hard currency credit of 60 million dollars has been spent to implement it.

"In accordance with the plans, around 11,000 tons of the unit's production will be exported during the current year," he concluded.

... Payvand News - 5/8/04 ... --

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