Latest on Iran’s petrochemical sector performance
Baku, Azerbaijan, June 20
Iranian petrochemical plants produced 8.71 million tons of petrochemical products during the first two month of the current Iranian fiscal year (March 20, May 21), according to the National Petrochemical Company of Iran (NPC).
The NPC said that Iran’s petrochemical output amounted to four million tons in the last fiscal month, ended May 21.
In total 2.799 million tons of petrochemical products, worth 78,981 billion rials (each USD makes 42,000 rials) were supplied to domestic markets during the 2-month period.
The country’s petrochemical exports reached 3.646 million tons in the period, worth $2.229 billion in the first two months of the current fiscal year.
Some 20 petrochemical complexes located in the port city of Mahshahr have produced more than 2.98 million ton of products in the 2-month period, meanwhile the 16 complexes located in Asalouyeh city produced over 3.89 million tons of petrochemical products.
Khouzestan, Khorasan, Ghadir, Shiraz, Nouri and Kermanshah petrochemical complexes registered highest performance in the period, according to the NPC.
The nominal output capacity of the country’s 57 petrochemical complexes stands at 62 million tons per year.
Earlier Reza Norouzzadeh, managing director of the NPC, said that Iran’s petrochemical output is expected to reach 63 million tons during the current fiscal year. He added that the export share from the sale is expected to reach 27 million tons, worth $14 billion.
The country hopes to bring the nominal petrochemical production capacity to 120 million tons by 2020 and 160 million tons by 2025.