The company has supplied the country’s downstream petrochemical industries with 21 thousand tons of polymer products, valued at 232 billion rials (24.4 million dollars).

Tabriz Petrochemical Company has sold 269 thousand tons of different polymer products, valued at 2.013 trillion rials (211.8 million dollars), in the first 10 months of the current Iranian year (Mar. 21 to Jan. 20), indicating 11 and nine percent increases in terms of weight and worth respectively from earlier year.

The company has also earned 33.28 million dollars within the period by exporting 25,500 tons of polymer products to different countries.

Turkey, Pakistan, and China were the main importers, purchasing 10,500, 4,000, and 2,700 tons of export-bound products respectively.

Tabriz Petrochemical Company Managing Director Alireza Sadri expressed hope the shares of the TPC would be sold in the stock market in line with Article 44 of the Constitution in Feb.

Tabriz Petrochemical Company was to be offered late last October, but the documents had yet to be provided, the Mashal weekly quoted the managing director as saying.

“To encourage the private sector to set up downstream petrochemical units, the TPC has authorized a private company to produce polypropylene,” Sadri said.

Tabriz Petrochemical Complex has been constructed in a land with an about 400 ha area in southwestern part of Tabriz, the capital of East. Azarbaijan Province

The complex mainly produces raw plastics (polyethylene, polystyrene, and ABS). Light and heavy naphtha as well as liquefied gas mainly supplied by Tabriz Refining Company constitute the raw materials of the complex.

EXPORTS, OUTPUT

Iran exported 7.026 million tons of petrochemical products, valued at 4.269 billion dollars, in the first 10 months of its calendar year.

According to Iran Petrochemical Commercial Co. (IPCC), liquefied gas had the lion’s share among export-bound products in terms of weight as its volume stood at 1.879 million tons.

Based on predictions, the value of export-bound petrochemical goods will soar to five billion dollars by mid-March 2008.

Iran exported 6.48 million tons of petrochemical products from March 21 to Dec. 21.

The exports fetched the country 3.84 billion dollars.

Liquefied gas had the highest share, weighing 1.787 million tons.

Pars Special Economic Energy Zone (PSEEZ), Assalouyeh, southern Iran, exported 3.058 million tons of petrochemical products to the world markets in the nine month period.

According to the National Petrochemical Company (NPC), the products were exported by the Petrochemical Reserves and Terminals Company via the specialized port.

Zagros, Nouri, and Pars petrochemical complexes ranked first to third, exporting of 802, 624, and 473 thousand tons respectively.

The NPC added the products were shipped to the Asian and European states by 179 vessels.

The NPC managing director said petrochemical production would rise to 27 million tons from 19 million tons by the end of current Iranian calendar year (March 19, 2008).

Gholam-Hossein Nejabat added petrochemical industry earned the country 6.1 billion dollars in the previous Iranian year (ended March 20, 2007), predicting that the annual revenue would touch 8.3 billion dollars by mid-March 2008.

The NPC chief said 24 petrochemical projects were underway, adding 12.5 billion dollars had been invested in the projects, whose physical progress ranged from 30 to 98 percent.