01 June 2014
Pars Special Economic Energy Zone (PSEEZ) in Bushehr province exported $2.33 billion worth of gas condensates and petrochemicals to 29 countries in the first two months of the current Iranian year (started March 21).Khodadad Rahimi, director general of the zone's customs administration, said the products were dispatched to six European, one American, five African and 17 Asian countries, IRNA reported.
Rahimi noted that PSEEZ's exports show a 4-percent growth in terms of value compared with the figure of last year, which was $2.24 billion."In this period, the zone exported 1.31 million tons of non-oil products worth $1.14 billion, indicating an eight-percent growth in terms of value compared with the corresponding figure of last year, which was $1.06 billion," he said.The official said 1.29 million tons of gas condensates valued at $1.19 billion were exported from the zone in the same time-span, up by 1 percent in terms of weight compared with that of a year ago, which was 1.28 million tons.
The zone's exports include light and heavy polyethylene, diethylene glycol, monoethylene glycol and triethylene glycol, urea, butane, propane, gas condensates, paraxylene, cement and methanol.The official said the products were exported to China, Japan, the UAE, India, Turkey, Iraq, Taiwan, Thailand, Malaysia, Vietnam, Afghanistan, Pakistan, Armenia, Russia, Mozambique, Egypt, Syria, Turkmenistan, Tajikistan, Ukraine, Qatar, Tanzania, the Philippines, Ghana, Kenya, Azerbaijan, Georgia, South Korea and Mexico.Rahimi noted that gas condensates accounted for 37 percent and 39 percent of the total exports in terms of weight and value respectively. Exports are crucial to the Iranian petrochemical industry, as the domestic market is unable to absorb the rapid increase in production capacity.
Iran's petrochemical exports rose by only 1 percent year-on-year to $10.72 billion in the last Iranian year. In terms of volume, exports declined 4 percent year-on-year to 14.5 million tons. The outturn was far lower than the government's target of 17.4 million tons of petrochemical exports, valued at $13 billion, indicating that the industry had been hit hard by international sanctions.When it comes to investment, Iran requires $31 billion to complete 60 semi-finished petrochemical projects, of which an estimated $5 billion have already been spent. The projects are expected to increase the country's petrochemical output by 55 million tons once they come on stream.Iran expects growth in the petrochemical industry in the coming months. However, sustained growth will depend on a number of factors, including permanent removal of the sanctions, improved gas feedstock supply, foreign investment and domestic market growth.
Pars Special Economic Energy Zone (PSEEZ) in Bushehr province exported $2.33 billion worth of gas condensates and petrochemicals to 29 countries in the first two months of the current Iranian year (started March 21).Khodadad Rahimi, director general of the zone's customs administration, said the products were dispatched to six European, one American, five African and 17 Asian countries, IRNA reported.
Rahimi noted that PSEEZ's exports show a 4-percent growth in terms of value compared with the figure of last year, which was $2.24 billion."In this period, the zone exported 1.31 million tons of non-oil products worth $1.14 billion, indicating an eight-percent growth in terms of value compared with the corresponding figure of last year, which was $1.06 billion," he said.The official said 1.29 million tons of gas condensates valued at $1.19 billion were exported from the zone in the same time-span, up by 1 percent in terms of weight compared with that of a year ago, which was 1.28 million tons.
The zone's exports include light and heavy polyethylene, diethylene glycol, monoethylene glycol and triethylene glycol, urea, butane, propane, gas condensates, paraxylene, cement and methanol.The official said the products were exported to China, Japan, the UAE, India, Turkey, Iraq, Taiwan, Thailand, Malaysia, Vietnam, Afghanistan, Pakistan, Armenia, Russia, Mozambique, Egypt, Syria, Turkmenistan, Tajikistan, Ukraine, Qatar, Tanzania, the Philippines, Ghana, Kenya, Azerbaijan, Georgia, South Korea and Mexico.Rahimi noted that gas condensates accounted for 37 percent and 39 percent of the total exports in terms of weight and value respectively. Exports are crucial to the Iranian petrochemical industry, as the domestic market is unable to absorb the rapid increase in production capacity.
Iran's petrochemical exports rose by only 1 percent year-on-year to $10.72 billion in the last Iranian year. In terms of volume, exports declined 4 percent year-on-year to 14.5 million tons. The outturn was far lower than the government's target of 17.4 million tons of petrochemical exports, valued at $13 billion, indicating that the industry had been hit hard by international sanctions.When it comes to investment, Iran requires $31 billion to complete 60 semi-finished petrochemical projects, of which an estimated $5 billion have already been spent. The projects are expected to increase the country's petrochemical output by 55 million tons once they come on stream.Iran expects growth in the petrochemical industry in the coming months. However, sustained growth will depend on a number of factors, including permanent removal of the sanctions, improved gas feedstock supply, foreign investment and domestic market growth.
© Iran Daily 2014
