Iran Petrochemical Production Surpasses 30 Million Metric Tons in 8 Months

Iran's petrochemical production increased by 3% to 30.7 million metric tons in 8 months of current fiscal year, which started on March 21.

Shana quotes Ali Mohammad Basaqzadeh, a senior official of the National Petrochemical Company (NIPC), on November 26th as saying that during this period some 12.5 million tons of petrochemicals have been exported. He didn't mention the value of petrochemical exports, but according a brief record released by Custom Administration on Thursday, Iran exported about $29.6 billion of non-oil goods, of which 35% belongs to petrochemical products. That brings total export of petrochemicals to more than $10 billion during those 8 months.

Basaqzadeh also said that some 9.4 million tons of petrochemical products was sold domestically during this time.

He added that Iran's targeted production is 44.6 million tons of petrochemical products.

That figure is unchanged from previous production levels for last year. Iran produced the same amount of petrochemicals last year, about 4 million tons more than the previous year.

However, Basaqzadeh's mentioned figures indicate that Iran's petrochemicals export increased by 40% year-to-year in volume, but the value remained approximately unchanged.