BAKU, Azerbaijan, July 12
By Elnur Baghishov – Trend:
The revenues of Iran’s Nouri Petrochemical Company increased by 120 percent over last Iranian year (from March 20, 2020 through March 20, 2021), compared to the preceding Iranian year (from March 21, 2019 through March 19, 2020), Managing Director of the company Taghi Sanei said, Trend reports citing the company’s website.
He made the remark during the annual meeting of the company's shareholders.
The director stressed that the company's revenues in the last Iranian year amounted to about $557 million.
Sanei added that the company's net revenues in last Iranian year also increased by 134 percent compared to the preceding Iranian year and amounted to $491 million.
According to him, the production of Nouri Petrochemical Company exceeded 4.86 million tons within last Iranian year. This is an increase of about 527,000 tons compared to the preceding Iranian year.
“So, the company produced 476,000 tons of benzene in the last Iranian year, which is an increase of 14.3 percent compared to the preceding Iranian year. As well as, the company produced 793,000 tons of paraxylene during the reporting period, which is an increase of 15.7 percent, compared to the preceding Iranian year,” he said.
Sanei noted that each share of the company in the last Iranian year increased by 270 percent compared to the preceding Iranian year and amounted to 14,200 rials (about $33 cent).
About 60 percent of Iran's Nouri Petrochemical Company’s products are exported and 40 percent sold at the Iranian Energy Exchange (IRENEX). The products are mainly exported to European countries, East and South Asian countries, the Indian subcontinent, and the countries around the Persian Gulf.
The company produces 1.2 million tons of p-Xylene, benzene, and p-Xylene and 3.3 million tons of heavy and light hydrocarbons, heavy aromatic, LPG, pentane, and light naphtha products annually.
Furthermore, the company’s plant consumes 4.77 million tons of fuel per year. Thus, 4.5 million tons of which is gas condensate and supplied from refineries of the South Pars Gas Company.