Iran increases petrochemicals production

Oil&Gas Materials 19 October 2021 17:19 (UTC +04:00)
Iran increases petrochemicals production

BAKU, Azerbaijan, Oct. 19

By Elnur Baghishov – Trend:

The production of petrochemical products in Iran increased by 8 percent, during the first six months of the current Iranian year (March 21 through September 22, 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.

Mirhashemi said that about 32.8 million tons of various petrochemicals were produced in Iran within 6 months.

“Due to the coronavirus pandemic in Iran, the production of raw materials related to the production of a number of medical supplies, including masks, is in the spotlight,” he added.

The manager noted that certain infrastructures are being created in Iran to increase production in the petrochemical sector. After the launch of these infrastructures, there will be a significant increase in petrochemical production in the country.

As reported, Iran is planning to export 33 million tons of petrochemical products worth $14.2 billion in the current Iranian year (from March 21, 2021, through March 20, 2022). It is planned to produce 43 million tons of final products in the current Iranian year. About 10 million tons of it will be consumed in the country. In general, the revenues of the petrochemical industry will amount to $21.5 billion this year.

Starting from the second half of the next Iranian year (August 23, 2022), 39 petrochemical facilities are to be put into operation in the petrochemical sector of Iran. In total, 50 facilities are to be put into operation in the next 5 years (until March 20, 2026). Of these, 3 facilities are related to the production of mixed fuels, 11 facilities – propylene, and 33 are development facilities.

Iran's annual petrochemical production potential will increase to 136 million tons in five years, and to 167 million tons with the implementation of strategic plans.

In total, 17 petrochemical facilities at a cost of $11.4 billion were put into operation in the country over the last Iranian year (from March 20, 2020, through March 20, 2021). Thus, the annual production of Iran's petrochemical sector increased from 65 million tons to 90 million tons.


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