BAKU, Azerbaijan, Dec. 17
By Elnur Baghishov – Trend:
Three petrochemical facilities will be officially launched in Iran as of next Iranian week (starting December 19), Deputy Oil Minister and Executive Director of Iran’s National Petrochemical Company Behzad Mohammadi said, Trend reports citing the company’s official website.
The deputy minister emphasized that in general, 17 petrochemical facilities are planned to be launched in the current Iranian year (from March 20, 2020 to March 21, 2021). As many as 6 petrochemical facilities have been launched, so far.
Mohammadi added that Iran's petrochemical production potential will reach 90 million tons annually with the launch of 17 petrochemical facilities. So, Iran's petrochemical production potential will increase by 38 percent during the current year.
The director note that the global sales value of petrochemical products amounts $3.35 trillion per year. Iran's share in this sale is between $18-$20 billion.
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.