Value of Iran’s Petrochemical Exports Jumps 30 Percent
The Iranian oil ministry announced that the nominal capacity of Iran’s petrochemical industry in 2001 hit about 16 million tons, the rate of which stood at about 90 million tons this year, showing considerable growth during these years.
Despite the imposition of tough and cruel sanctions against the Iranian petrochemical industry, they could not halt the country’s petrochemicals export.
Iran announced in July that it will increase its production capacity for petrochemical products by more than a half in the next three years as the country moves ahead with plans to increase added value in its petroleum sector.
Iran has said that it will launch a total of 35 new petrochemical plants by 2025 to increase the output capacity in the sector by 54% to 140 million metric tons per annum (mtpa).
It said petrochemical output capacity in Iran had increased by 7% in the calendar year to March 2022 to reach nearly 91 million mtpa thanks to the completion of seven new petrochemical projects across the country.
Iran’s sales of petrochemicals, including exports to other countries, also rose by 4.4% in the calendar year to late March with government figures showing that exports proceeds from the sector reached nearly $12.5 billion over that period.
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