Officials from Iran's Oil Ministry report they expect the nation's urea output to double within the next two years. Currently, annual urea output capacity in Iran is around 4.5 million metric tons, but a petrochemical plant near the southern city of Shiraz would boost that figure to 5.5 mmt per year.
The National Petrochemical Company (NPC) says by 2015 they are projecting a 7.5-8.0 mmt increase to total Iranian urea output,and that would make Iran the world's leading urea producer. Presently, Iran is second only to Saudi Arabia in production and export of petrochemicals worldwide and a list of expansions and projects -- including urea expansions -- may push Iran into the top spot.
Iran exported 18.2 million tons of petrochemical and polymer products to more than 60 countries during the last Persian calendar year (ending March 19, 2013) earning a hefty $1.45 billion in urea exports alone.
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