National Petrochemical Company (NPC) is the top exporter of methanol to Asian states and the second to European countries.
Based on a report released by the Public Relations Office of NPC, the company exports products to more than 60 countries including those of South America and Africa, IRNA reported on Wednesday.
Self-sufficiency in the production of urea fertilizer and export of 1.3 million tons of urea in the past year are among the other achievements of the NPC.
Given the implementation of various petrochemical plans, Iran’s share in the petrochemical industry in the Middle East’s market increased from 16.2 percent to 24.5 percent.
The company prioritizes the supply of domestic demands and it has played a significant role in economic development of the country in recent years.
Meanwhile, Tabriz Petrochemical Company exported some 26,000 tons of petrochemical commodities worth $35 million to 13 industrial countries during the past 10 months.
Turkey, China, Russia, Pakistan, India, Vietnam and UAE were the main importers of the company’s products.
The company supplied 288,000 tons of polymer and chemical products, worth 4.3 trillion rials ($430 million), to downstream industries. The figure shows an increase of 43 percent compared to the figure for the corresponding period last year.
Some 570,000 tons of various polymer and chemical products were manufactured by Tabriz Petrochemical Company since the beginning of the current Iranian year (to end March 19).
Petrochemical production capacity and the number of Iranian petrochemical complexes have undergone significant growth in the last three decades since the victory of the 1979 Islamic Revolution.
NPC’s Public Relations Department announced that its production capacity has increased 19-fold to reach 54.5 million tons compared to the figure for the pre-Islamic Revolution era.
It added that nominal petrochemical production capacity reached 51 million tons by the end of the Fourth Five-Year Economic Development Plan (2005-10) from three million tons at the beginning of the 1979 Islamic Revolution.
The report said that only six petrochemical facilities, including those of Shiraz, Abadan, Razi, Kharg, Farabi and Karbon Iran, with a total capacity of 1.6 million tons were active in 1978 but the number of such facilities rose to 39 in the post-Islamic Revolution era, raising the output to 15.8 million tons in 2005 and more than 40 million tons in 2010.
Lebanon Keen on Techno-Engineering Services
Iran’s Economy Ranked 17th Worldwide
Given an eight-fold increase in Gross National Product (GNP) since the victory of the 1979 Islamic Revolution, Iran’s economy ranks the 17th largest in the world based on the statistics released by the International Monetary Fund (IMF).
According to an IMF report posted on the government’s website Iran’s economy ranked 17th in the world in 2011 with its Gross National Product standing at $930 billion, IRNA reported on Tuesday.
Statistics released by the IMF indicate that Iran’s economy have increasingly grown in the past 33 years, occupying a position among the world’s biggest economies.
Previously, Iran ranked as the 21st biggest economy in the world but it advanced to the 17th place in 2011, leaving behind Saudi Arabia, Poland, Australia and Argentina.
According to IMF, the US came first with GNP worth $15,000 billion. China, India, Japan, Germany, Russia, Brazil, Britain, France, Italy, Mexico, South Korea, Spain, Canada, Indonesia and Turkey occupied positions from the second to 16th respectively.
Australia, following Iran, ranked 18th with gross national product of $918 billion.
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
The IMF oversees the international monetary system and monitors the financial and economic policies of its members. It keeps track of economic developments on a national, regional, and global basis, consulting regularly with the member countries and providing them with macroeconomic and financial policy advice. Its fundamental mission is to help ensure stability in the international system by keeping track of the global economy and the economies of member countries and giving practical help to members.
Road, Transport Projects Operational
Domestic Economy Desk
Some 1,781 transportation and road construction projects built at a cost of 25 trillion rials ($2.5 billion), became operational during the Ten-day Dawn celebrations (Feb. 1-11) to mark the anniversary of the victory of Islamic Revolution, said roads and urban development minister on Wednesday.
Talking to reporters on the sideline of the inaugural ceremony of 23 port projects in Bushehr province, Ali Nikzad said that 3,200 km of roads were commissioned in rural areas during the period, IRNA reported.
“A number of airport and port projects went on stream during the period,” he said.
The minister added that a number of hospitals were inaugurated during the Ten-Day Dawn including a 264-bed hospital in Qazvin province.
He listed the use of economic potentials of the country to create employment, establish welfare and achieve sustainable development in the country as the main policies of the government.
Implementation of development projects in Bushehr Port will not only help increase the port’s loading and unloading capacity but will also play a very significant role in the economic development of the region.
Referring to the positive outcomes of the cabinet’s provincial trips, he said that the government’s approvals in field of housing and transportation are being implemented in various provinces very seriously.
Nikazad said that agreement on the construction of Bushehr-Shiraz railroad has been signed with Khatam-ul Anbiya Headquarters during the cabinet’s earlier trip to Bushehr province.
He noted that the implementation of the project is currently underway in cooperation with Oil Ministry.
Earlier in January, deputy head of Transportation Infrastructure Development and Construction Company for road construction and development said about 1,450 kilometers of freeways and main roads are expected to be constructed nationwide by the end of the current Iranian year (to end March 19) once the funds are available. Kheirollah Khademi said some 1,200 kilometers of freeways and main roads were built across the country in the past year.
Gas extraction from fields operated by Iranian Central Oil Fields Company (ICOFC) has increased to 311 million cubic meters per day, said company’s managing director, Mehdi Fakour.