TEHRAN- The head of the Islamic Republic of Iran Customs Administration (IRICA), stated that petrochemical items are leading in the nations exports.Mohammad Rezvani-Far said that petrochemicals represent 45 percent of the value of Iran's non-oil export.As specified by Iran's National Petrochemical Company (NPC)s Managing Director Morteza Shahmirzaei, the petrochemical sector has actually the greatest included worth in the oil market chain.The official has put the nations yearly petrochemical production capacity at 90 million lots.
Some items were ruled out in the previous periods and we were faced with their import at the cost of 5 billion dollars , he stated, adding, The products of the propylene chain are of unique value and consist of 70 percent of the total petrochemical imports.
To reduce the dependence, the petrochemical company has focused on the development of worth chain projects.
The NPCs managing director even more worried that the petrochemical industry is a worth and job-creating industry, which has no risk.The authorities said that 69 production units (including three service units that supply services such as water, electrical energy, and steam for production units) are now active in the petrochemical market of Iran, which plays a significant role in bringing foreign currency to the country.Elsewhere in his remarks, Shahmirzaei worried that domestic production needs to be understood in all sectors of the petrochemical industry.A little part is still remaining so that this target will be attained, he added.Petrochemical Research and Technology Company and Research Institute of Petroleum Industry in addition to the other associated institutes and centers are taking all efforts in this due, the main added.MA/ MA