Iran offers to set up OPEC-like organization for petrochemicals
General Manager of Iran's National Petrochemical Company (NPC)
Abdolhoseyn Bayat said Iran has proposed to establish an OPEC-like
organization for petrochemicals, Shana news agency reported.
Speaking to the journalists, Bayat noted that the idea of
establishing such organization was proposed to establish an
international organization to target and control the global
petrochemicals markets.
"Currently, Iran is holding consultations with other countries,
especially the countries of the region," Bayat noted.
He added that currently Iran has the capacity to export about 57
million tons of petrochemicals annually, and it is planned to
increase this figure to 100 million tons.
Statistics for the first 10 months of the current Iranian year show
that the country exported some 22 million tons of petrochemicals
worth over 10 billion dollars.
The amount is expected to rise to over 14 billion dollars by the
end of year.
Iran's total petrochemical products output stood at 31 million tons
in the mentioned period.
The managing director of the National Petrochemical Company of Iran
said last month that once all the Mehre Mandegar projects in the
petrochemical sector come on stream, 12 million tons would be added
to the country's petrochemical production capacity.
According to Iranian Oil Minister Rostam Qasemi, the country plans
to build 70 new petrochemical production units.
"Petrochemical sector is one of the most profitable industries of
Iran and we can guarantee a 30-percent interest to the investors,"
Qasemi added.
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