Baku, Azerbaijan, Jan. 17
By Fatih Karimov - Trend: Iran's petrochemical output has exceeded 35 million metric tons since the beginning of the current Iranian calendar year (March 21, 2014).
Ali Mohammad Basaqzadeh, an official with the National Petrochemical Company, said that the figure was 71 percent of the country's nominal petrochemical capacity, Iran's Shana news agency reported on Jan. 17.
He added that the volume of petrochemicals produced during the mentioned period was 9 percent more than the figure corresponding to the same period in the previous year.
Previously, Basaqzadeh said that the country's total petrochemical output would reach 42 million metric tons by the end of the current Iranian fiscal year (March 20, 2015), if the petrochemical unites are supplied with needed feedstock.
He said that natural gas shortage is the main reason which prevents realization of nominal production capacity.
According to the Custom Administration's monthly report, Iran exported 11.339 million metric tons of petrochemical products valued at $8.961 billion during first eight months of the current fiscal year.
The volume and value of Iran's exported petrochemical products increased by 22.05 percent and 28.07 percent in comparison with the same period last year.
Petrochemical products shares 28.5 percent of Iran's non-oil exports value (including condensate) in this period.