Deputy Minister: Iran Exports 11 Billion Dollars of Petrochemicals in 11 Months
“The total export of the petrochemical industry in the first 11 months was about $12 billion, of which $9.14 billion was supplied,” said Abbaszadeh.
"Our estimate is that in March, the country's petrochemical industry will earn about $800 million to $1 billion in foreign exchange, and the total export of the petrochemical industry this year will reach $13 billion," he added.
In relevant remarks in February, Abbaszadeh had said that the production capacity of Iran’s petrochemical industry has reached approximately 100 million tons, with 60 percent allocated to key base products such as methanol, ammonia, ethylene, and other essential chemicals.
He acknowledged shortcomings in the production of certain products, including propylene, but emphasized that completing its value chain would enable the production of high-value-added products for both domestic use and export.
The deputy oil minister highlighted plans to enhance the petrochemical value chain, stressing that development depends on adopting new technologies.
Abbaszadeh also stated that three utility complexes in the petrochemical sector generate around 4,000 megawatts of electricity, with surplus power supplied to the national grid. He added that petrochemical plants use only four percent of the country’s total gas production as feedstock.
Abbaszadeh underscored the importance of optimizing oil and gas resources, stating that diversifying feedstock and leveraging renewable energy and modern technologies would help the industry achieve its planned production growth.
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