Shana-- A senior Iranian petrochemical official said given the launching of new petrochemical projects in Iran, the country's total annual petrochemical production capacity will reach 72 million tons by the end of the current Iranian calendar year which began on March 20.

Addressing the opening ceremony of the 13th Iran Petrochemical Forum her in Tehran on Saturday, Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei said Iran is potent to reach 72mt/y output capacity by the end of this calendar year given the available petrochemical infrastructure and accessible feedstock for feeding plants in the country.

Iranian petrochemical facilities processed 50 million tons of petrochemicals over the course of the previous Iranian calendar year.

The country exported 21 million tons of projects last year, fetching 9.4 million dollars in revenue.

Iran launched 11 petrochemical plants with an investment of $3.4b last year, she said, adding the year was registered as a successful year for the industry in the country.