Iran's petrochemical exports to China to rise to US$1 bln this year

Managing Director of National Petrochemical Company has said that Iran's petrochemical exports to China are expected to reach US$ 1 bln during the current year. Petrochemical exports to China were at US$90 mln in 1998 which increased to US$700 mln in 2007, expected to reach US$1bln this year. The share of petrochemical products in the country's non-oil exports stands at 37% and the figure is to climb to 40% next year. 12 petrochemical projects are to become operational in Iran during the present year.
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