Iran is planning to launch four new petrochemical plants in the current Iranian year calendar (started March 21), in an effort to boost its revenues from exporting petrochemicals.

FARS News Agency cited Iranian Petrochemical Affairs Deputy Oil Minister Abbas She’ri Moqaddam as saying that the projects development are among the main priorities of Iran’s National Petrochemical Company (NPC).

The four petrochemical plants are scheduled to go on stream this year.

The second phase of Kavian Petrochemical Complex in Iran’s Southern province of Bushehr, as well as petrochemical complexes of Lorestan, Kordestan and Mahabad are scheduled to be operational by the end of the current Iranian calendar year.

Earlier in April, National Iranian Petrochemical Company (NIPC) planning and development department director Hossein Shahriyari was quoted by reporters as saying, "Iran will increase the value of its petrochemical exports to the level of $12 billion."