BAKU, Azerbaijan, Oct. 26
By Elnur Baghishov – Trend:
The production of petrochemical products in Iran increased by 8 percent during the first 7 months of the current Iranian year (March 20-October 21, 2020) compared to the same period last Iranian year, Iran's National Petrochemical Company’s (NPC) Production Control Manager Jalal Mirhashemi said, portal, Trend reports citing the company’s official website.
The official stressed that Iran produced more than 35 million tons of petrochemical products during the reporting period.
Mirhashemi added that despite some existing problems (economic problems, the spread of coronavirus pandemic, etc.), Iranian petrochemical plants continue to its production and it is estimated that a significant increase will be in production in the current Iranian year (March 20, 2020 - March 21, 2021).
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.