Iran’s petrochem output surges
Tehran, Iran, Sept. 25
The managing director of National Petrochemical Company said Iran’s production of petrochemical products witnessed a 24-percent rise in the first six months of the current Iranian calendar year (started on March 21).
“The country’s petrochemical output grew by 24 percent over 6 months to September 22,” Reza Nourooz-Zadeh said on September 25, IRNA reported.
The chaos that we are witnessing today in the market stems from mismanagement of demand and supply, he added.
Bulk of Iran’s petrochemical infrastructure is based in the southern regions off the Persian Gulf where water supply is less of a concern and proximity to the international waterway makes transport and shipment more feasible and cost-effective.
Some 21 petrochemical complexes, centered in the city of Mahshahr in the southern Khuzestan Province, have had a combined output of more than 14.7 million tons in the nine-month period.