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FinancialNews


  • 08-08-20

    Iran shifts from oil en route for petrochemicals in export

    (MENAFN) To decrease the devastating reliance on crude oil exports, which have been strike hard by sanctions, Iran is gradually changing focus towards petrochemicals, the country's second-major export business.

    On Thursday August 6 three chief petrochemical schemes worth 1.6 billion USD were installed as part of efforts by the Iran government to increase non-oil profits at a moment while oil exports have coveted.

    Shana a news portal associated with the Oil Ministry stated that the southern Bushehr province dwellings Kimia Pars Middle East Petrochemical Plant with a yearly manufacture capability of 1.65 million tons of methanol and Kaveh Petrochemical put down the main methanol manufacturer multifaceted in the world with an everyday manufacture of 7,000 tons.

    The country's Lorestan Petrochemical Catalyst Production Unit, which has a yearly manufacture capability of 100 tons of catalysts obligatory to manufacture polyethylene, is placed in the western Lorestan province.

    MENAFN0808202000450000ID1100602942

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