BAKU, Azerbaijan, September 7
By Elnur Baghishov – Trend:
About 1.4 million tons of various polymer products were sold on the Iran Mercantile Exchange (IME) during the first five months of the current Iranian year (March 20-August 21, 2020), Trend citing Iran’s National Petrochemical Company’s official website.
According to the report, the value of polymer products sold during the reporting period was 183 trillion rials (about $4.35 billion).
The polymer products sold at the Iran Mercantile Exchange increased by 26 percent in terms of volume and 45 percent in terms of value compared to the same period last Iranian year.
Iran is implementing two plans to increase the production of petrochemical products. According to the first plan, Iran's petrochemical production will increase from 66 million tons to 100 million tons per year and the revenues from $15 billion to $25 billion until March 20, 2022.
According to the second plan, Iran's petrochemical production will reach 133 million tons per year and the revenues will reach $37 billion by March 20, 2026.
Iran produced 31 million tons of petrochemicals last Iranian year (March 21, 2019 - March 20, 2020). Of these, 8 million tons were sold within the country, and 23 million tons of products were exported. The total sale value was $15 billion.