BAKU, Azerbaijan, September 7
By Elnur Baghishov – Trend:
The volume of petrochemical products produced in Iran during the first 5 months of the current Iranian year (March 20-August 21, 2020) increased by 6 percent compared to the same period of the last Iranian year, Iran's National Petrochemical Company (NPC) Production Control Manager Jalal Mirhashemi told the company’s portal, Trend reports.
Mirhashemi noted that Iran produced 25 million tons of petrochemical products during this period.
Mirhashemi added that there is expected to be a significant increase in the production of petrochemical products in Iran in the current Iranian year (from March 20, 2020, to March 21, 2021).
The official stressed that in addition to the commissioning of several petrochemical enterprises in the current Iranian year, work is underway related to maximizing production capacity by making certain changes in production.
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.