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Iran is expected to boost its petrochemical production by 12 million tons by the end of spring, according to National Petrochemical company Managing Director Abdolhossein Bayat.
The country has recently inaugurated a new petrochemical complex, which cost €165 million plus a further 1.6 trillion rials.
It will create an estimated 1,500 jobs in the country and will produce around $429 million worth of polyethylene annually.