Iran's petrochem plants worked with 74% capacity in 2016

Business Materials 11 January 2017 15:49 (UTC +04:00)

Baku, Azerbaijan, Jan. 11

By Dalga Khatinoglu – Trend:

Iran’s petrochemical plants worked with 74 percent of nominal capacity in 2016.

During last year, Iran produced about 49.097 million metric tons of petrochemicals, according to official document, prepared by Iran's Oil Ministry and seen by Trend.

Despite working with 74 percent of nominal capacity, Iran’s petrochemical plants increased production by 9.4 percent in 2016, compared to 2015.

Iran’s nominal petrochemical prophetical production capacity stood at 62.225 million tons per day as of January 1, 2017, indicating about 8.5 percent growth year-on-year.

According to statistics, the feedstock shortage has about 44 percent share of Iran’s idle petrochemical production capacity.