Baku, Azerbaijan, Aug. 14
By Fatih Karimov – Trend:
Iran’s total petrochemical output stood at 4.22 million tons in the fourth Iranian calendar month (June 20-July 20), oil ministry’s SHANA news agency reported Aug. 14.
The country’s petrochemical output during the first four months of current fiscal year (March 20-July 20) stood at 17 million tons.
Bistoun, Oroumieh and Karbon Iran petrochemical companies produced the highest amount compared to other companies in the one-month period.
The country also exported 13.684 million tons of petrochemicals worth $6.769 billion during the four-month period.
Iran’s petrochemicals exports indicate an increase of 64.83 percent in terms of volume and 41.51 percent in terms of value, year-on-year.
Petrochemical products shared 41.51 percent of Iran's total non-oil exports in terms of value during the first four months of current fiscal year.
The country’s actual production capacity is around 61 million tons per annum, 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.
The Islamic Republic hopes to bring this capacity to 120 million tons by 2020 and 180 million tons by 2025.
Iran produced 46.4 million tons of petrochemical products during the last fiscal year, but for the current year, the figure is planned to reach 54.7 million tons.