By OGJ editors
HOUSTON, Mar. 25 -- Revenues from exports of petrochemicals from Iran have risen to $800 million from $29 million since 1989, when National Petrochemical Commercial Co. of Iran (NPCCI) was formed, OPEC News Agency reported. More than 45% of Iran's petrochemical products are exported to the Far East, OPECNA said.
Also, in 1989, domestic sales of petrochemicals in Iran reached 4.14 million tonnes compared with 575,000 tonnes in 1989, OPECNA said.
Iran still imports certain petrochemicals, such as polyethylene and polypropylene, to meet domestic demand, according to NPCCI Managing Director Mohammad Ehtiati, OPECNA said.
Ehtiati told OPECNA that NPCCI planned to market a new generation of petrochemical products in Iran shortly.
