BAKU, Azerbaijan, Feb. 26
By Elnur Baghishov – Trend:
Iran’s petrochemical production increased by 2.1 percent in volume, during the first 10 months of the current Iranian year (March 21, 2021 through January 20, 2022), compared to the same period last Iranian year, Trend reports via the statistics of Iranian Ministry of Industry, Mine and Trade.
According to the statistics, Iran produced a total of 51.6 million tons of petrochemical products in 10 months.
Meanwhile, in the same period last Iranian year, the figure stood at 50.6 million tons.
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 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.
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