BAKU, Azerbaijan, Feb. 1
By Elnur Baghishov – Trend:
The production of petrochemical products in Iran increased by 6 percent during the first 10 months of the current Iranian year (March 20, 2020, through January 20, 2021), compared to the same period last Iranian year, Iran's National Petrochemical Company’s (NPC) Production Control Manager Jalal Mirhashemi said, Trend reports citing the company’s website.
“It is projected that the growth in the production will reach 7 percent by the end of the current Iranian year (until March 21, 2021), compared to the same period last Iranian year,” the manager said.
Mirhashemi added that Iran plans to produce about 61 million tons of petrochemical products this year.
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.