Iran’s Pardis Petrochemical Company Records 119% Growth in Revenue
Pardis Petrochemical Company sold more than 421,000 tons of ammonia and urea in one month ending on 22 September 2022, which is equivalent to Rls. 74,759,205 million, showing a 1982% growth compared to the same period last year, Shana reported.
In addition, this month, the average selling price of urea in Pardis is $550 and the average price of ammonia is $690, while the average export sales of urea producing companies in Kermanshah are $502, Khorasan $532, and Shiraz $507.
The difficult conditions of the sanctions on petrochemical companies and the problems in the exports of the strategic urea for many years caused this product to be sold at a much lower price than the global price.
Iran has relied on petrochemicals as a major source of earning hard currency in recent years as the country has been facing a series of tough American sanctions targeting its direct exports of crude oil.
China has been the top customer of Iranian petrochemical shipments in recent years while exports to countries in the region have also surged since the United States imposed its sanctions on Iran in 2018.
The expansion of the Iranian petrochemical sector has also led to a significant rise in the number of jobs in the country. Estimates suggest the number of direct jobs in the sector is more than 920,000 compared with a total of 107,000 direct jobs registered in the upstream sector of the oil and gas industry in Iran.
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