Petrochemicals

The deal is part of effort to raise installed petrochemical production capacity to 130 million tons annually by 2020.

The chemical industry is very important for Azerbaijan.

Iran'.s annual petrochemical production capacity is around 65 million tons.

To boost MEG exports. negotiations are underway with India and European states.

Completion of steel chain will also pave the path for domestic consumption of all mined iron ore preventing exports of raw materials.

The most important export item in 2016 included gas condensates worth $7.32 million.

Iran is using the full capacity of its ports and export terminals in Mahshahr. Asalouyeh. Lavan and Bandar Abbas.

Iran can supply four percent of the world’s zinc production

Iran'.s annual petrochemical output capacity is around 60 million tons.

Production is expected to exceed 50 million tons in the present fiscal that ends on March 20.