Iran’s Bu-Ali Sina Petrochemical Company’s Income Up 47%
The report shows that the sales volume of the company was about 1,080,000 tons of aromatic products, which shows a 30% increase compared to last year.
Based on figures, the company's income has jumped by 47% compared to last year. Based on the production reports collected in the first half of the current year, the volume of production of Bouali Sina petrochemical company during this period also reached 118% of the nominal capacity to about 1,050,000 tons, which was unique in the history of operation of the petrochemical refinery.
Iran gained 3.39 billion dollars from the exports of petrochemicals in the three months to June 20, an official said in August.
Ahmad Mahdavi, the secretary of Iran's Association of Petrochemical Industry Corporation, announced that petrochemical output in Iran had reached a total of 20.41 million tons in the June quarter.
He added that the exports had accounted for 7.74 million tons of Iran's petrochemical output in the three months to late June, adding that petrochemical companies had also sold nearly three million tons of products to domestic customers over the same period while consuming the rest of the output as feedstock.
Mahadavi said this calendar year’s exports of petrochemicals from Iran would definitely exceed figures reported in the year to March 2023.
The official noted that the Iranian central bank had committed to provide funding to a total of 11 new petrochemical projects whose investment value is below $50 million.
He said that the Iranian petrochemical companies seek to invest some $8 billion in development projects in the country’s oil and gas sector, adding that the investment could lead to an increase of 200 million cubic meters per day in Iran’s natural gas production, allowing petrochemical plants to increase their output.
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