Petchem exports at over $1.1b in a month

May 16, 2018 - 21:53

TEHRAN- Iran exported over 1.99 million tons of petrochemical products worth more than $1.167 billion in the first month of current Iranian calendar year (March 21-April 20), Shana reported citing the data released by National Petrochemical Company (NPC).

The country produced over 4.7 million tons of petrochemicals during the first month, NPC data showed.

Production units in Assalouyeh and Mahshahr petrochemical zones, both in southwest of Iran, accounted for 2.038 million tons and 1.733 million tons of the one-month output, respectively, and 21 petrochemical units in other parts of the country accounted for 935,000 tons of the figure.

Iran exported over 22.41 million tons of petrochemical products worth more than $12 billion in the past Iranian calendar year (ended on March 20).

Exports from Assalouyeh and Mahshahr petrochemical zones stood at 11.423 million tons worth $5.977 billion and 6 million tons worth $3.41 billion, respectively, during the past year.

Iran’s export of petrochemical products is anticipated to reach $14 billion in the current Iranian calendar year, NPC Managing Director Seyed Reza Norouz-Zadeh said in early April.

The official also announced that through completing some petrochemical projects in this year, petrochemical production is expected to hit 47 million tons, of which some 27 million tons will be exported.

NPC managing director further said that 60 petrochemical projects with the nominal capacity of 65.4 million tons are currently underway throughout the country with $42.8 billion of investment.


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