Baku, Azerbaijan, Apr.19
By Fatih Karimov - Trend:
Four petrochemical complexes will come on stream in Iran by the end of the current Iranian calendar year (March 20, 2015), Iranian deputy oil minister for petrochemical affairs Abbas She'ri Moqaddam said.
He added that Kavian, Lorestan, Kordestan and Mahabad petrochemical complexes will be inaugurated in the current year, Iran's IRIB reported on April 19.
Earlier on April 17, deputy oil minister for planning and supervision on hydrocarbon reserves, Mansour Moazzami, said that Iran's output of petrochemical products has fallen by 7.5 million tons during the last Iranian calendar year (ended on March 20), compared to the preceding year.
Iran produced some 41 million tons of petrochemicals during the calendar year of 1391(ended on March 21, 2013), according to the official website of the oil ministry.
National Iranian Petrochemical Company issued a report in March 2013 and forecasted the total petrochemical output to reach 50 million tons during the calendar year of 1392.
However the recent statement of Moazzami indicates that the forecasted figure was not realized and the country's petrochemical production output has fallen by 18 percent.
Iran's petrochemical exports also failed to show a significant increase in recent months despite the fact that Western countries suspended prohibition on the import, purchase or transport of the Islamic Republic's petrochemical products and related services since January.
The figure surpassed $10.723 billion during the last Iranian calendar year, which indicates an increase by only 1.01 percent compared to the preceding year, the country's customs administration reported on April 7.
The total volume of exported petrochemicals in the last year stood at 14.5 million tons which is even 4 percent less than the previous year.