News ID: 314312
Published: 0211 GMT June 28, 2021

Iran’s three-month petchem output up 7%: NPC

Iran’s three-month petchem output up 7%: NPC

Iran’s petrochemicals production increased seven percent during the three months to June 21, compared to corresponding figure of preceding year, according to an official in the National Petrochemical Company (NPC).

Jalal Mir-Hashemi, the NPC’s director for the production control, put the three-month petrochemical output at 16.3 million tons, and highlighted that the petrochemical plants operated with a good capacity during this period, Shana reported.

With the measures taken and the sustainable supply of feed in the current [Iranian] year, chemicals production of in Iranian complexes has increased and while meeting the needs of domestic markets, the export programs have also been realized, Mir-Hashemi noted.

The official emphasized that Iran's petrochemical industry is one of the most important pillars of the country's development and the driving force of the economy.

He said: “The main approach of the NPC is to complete the production chain, diversify the products, provide feedstock for domestic industries and increase the added value of the products in this industry.”

"The ground is paved now to achieve a leap in production in the Iranian petrochemical industry in the current year; with the measures taken this year, the idle production capacities of some existing complexes will also be revived,” Mir-Hashemi said.

The petrochemical industry plays a crucial role in Iran’s non-oil economy, as the petrochemical export is the second-largest source of revenue for the country after crude oil.

Petrochemical exports already constitute nearly 33 percent of the country’s non-oil exports.

According to Iranian Oil Minister Bijan Namdar Zanganeh, the country is currently producing nearly 70 million tons of petrochemical products annually and by the end of the industry’s second development leap, the country’s petrochemical production capacity is projected to reach 100 million tons per year.

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