Exports account for 40% of Iran’s petrochemicals

Business Materials 22 July 2018 17:18 (UTC +04:00)

Baku, Azerbaijan, July 22


Iran exported $3.158 billion worth of petrochemicals in the first three months of the current fiscal year, started March 20, according to the National Petrochemical Company of Iran (NPC).

The volume of the exported petrochemicals amounted to 5.336 million tons, which was equal to 40 percent of the output in the first quarter of the current fiscal year.

The NPC said that Iranian petrochemical plants exported 1.737 million tons of products, worth $962 million in the last calendar month (May 21-June 21).

The country’s overall petrochemical output in the one-month period stood at 5.4 million tons.

The figure for the first quarter of the current fiscal year amounted to 13.2 million tons.

Iran exported 20 million tons of petrochemicals, worth $13 billion in the last fiscal year, ended March 20, 2018.

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.