Iran Petrochemicals Report Q4 2013 - New Market Report
In the first quarter of the current Iranian year (from March 20), Iran claims that five petrochemical projects came online with a total investment of IRR8.72trn. These projects have raised nameplate production of petrochemicals by 2.73mn tonnes per annum. While capacity continues to accelerate, it is certain that output is not growing at the same pace as the industry struggles with an international sanctions regime that has undermined exports and driven the economy into recession.
View full press release