Petrochemical production in Iran is predicted to have a 366 percent growth by the end of Fourth Five-Year Socioeconomic Development Plan, 2010, when compared to that in the beginning of the Third Plan.

The country produced 15 million tons of petrochemical products in the Third Development Plan (2000-2005) and the figure is estimated to touch 55 million tons by the end of the Fourth Plan.

According to the forecast, the salable petrochemical products in the last year of the Fourth Plan inside and outside the country will amount to 36.371 million tons, of which 7.695 million tons will be traded between complexes, 8.254 million tons will be injected into domestic market, and 20.422 million tons will be exported.

The target will be achieved through implementing 20 underway projects.

The figure is to hit 98 and 122 million tons in the Fifth and Sixth Development Plans respectively.

Iran exported 1.131 million tons of petrochemical products in the first two months of the current Iranian calendar year (March 21 to May 21, 2007).

The two-month exports earned the country 609 million dollars.

Liquefied gas and polyethylene constituted the highest and lowest eight shares of the exported products with 399 thousand tons and 20 tons respectively.

According to the prediction, the petrochemical exports will fetch Iran 20 billion dollars by the end of Fifth Five-Year Socioeconomic Development Plan (2010-2015).

Iran plans to earn some 152 billion dollars through exports of petrochemical products to the Middle East by 2025.

According to the 20-year investment plan, the country’s value share is 50 billion dollars.

Based on the estimate, the value of the world’s petrochemical products during the period is 820 billion dollars while the worth of the Middle East’s petrochemicals at the beginning of the 20-year plan, 2005, equaled to 25 billion dollars, with Saudi Arabia, Iran, and other Middle Eastern states having 51, 21, and 37 percent of shares respectively.

The world’s share during this period 333 stood at billion dollars, whose 0.9 percent belonged to Iran.

Iran ’s petrochemical production is expected to touch 98 million tons per annum by the end of Iranian calendar year 1394 ( March 20, 2015).

The country plans to sell 75 tons of the predicted output.

According to the estimate, Iran needs to invest 27 billion dollars to achieve the goal and the products will earn the country 25 billion dollars per year.

Iran is expected to be the first country in the region by March 2015 that will produce ethylene, methanol, and BTX.

During the period, domestic petrochemical complexes are predicted to produce at least 12 million tons of ethylene, 10 million tons of polymer, 10 million tons of urea, 14 million tons of methanol, and 4 million tons of BTX.

The Managing Director of Ghadir Petrochemical Company Mohammad-Hassan Keshvari said Iran would become a big urea and ammonia producer in the world when the company’s units were run.

Ghadir Petrochemical Company is a strategic plant in Pars Special Energy Economic Zone (Assaluyeh), which is expected to export 1.15 million tons of urea and ammonia per annum.

Iran is determined to increase the petrochemical production by more than 50 percent in the current year.

The country has planned to produce 30.3 million tons of petrochemical products in the current year.

Iran is to make a 12.3 billion dollar investment in the sector in the Fifth Five-Year Socioeconomic Development Plan (2010-2015).