Baku, Azerbaijan, Dec. 20
By Fatih Karimov- Trend:
Iran produced 30.95 million tons of petrochemical products during the eight-month period from March 21, the Iranian oil ministry's SHANA news agency reported Dec.20.
Iran's total petrochemical output stood at 3.82 million tons in the eighth Iranian calendar month (Oct. 22-Nov. 22), compared to 3.36 million tons during the preceding month.
Some 1.5 million tons of petrochemical products were exported in the one-month period, meanwhile over one million tons were supplied to the domestic market.
Laleh, Rejal, Oroumieh, Karbon Iran and Polinar petrochemical companies produced the highest amount compared to other companies in the one-month period.
The country's petrochemical output is expected to hit 47 million tons during the current fiscal year (March 2015, March 2016).
Iran's petrochemical output hit 44.4 million tons in the last Iranian fiscal year, 10 percent more year-on-year.
The country's actual production capacity is around 60 million tons, but the shortage of natural gas as feedstock, old production units, and the problem of sanctions, which has dropped exports, have caused petrochemical complexes to work at lower capacities.