Iran to Export Nearly 35 Million Tons of Petchem by March

In a meeting with petrochemical holding company executives and representatives of the Petrochemical Employers Association, Abbaszadeh said that the nominal production capacity of the petrochemical industry is expected to reach 105 million tons, with exports of approximately 34.8 million tons worth about $13.6 billion, the Oil Ministry’s shana reported.

Abbaszadeh went on to say that Iran’s petrochemical industry is on a growth trajectory, with production capacity reaching about 97 million tons in 1403, adding, “Last year, 75.2 million tons of petrochemical products were produced and supplied to domestic and international markets. Exports totaled 29.2 million tons ($13 billion), while domestic sales reached 13.1 million tons ($11 billion).” 

He added that 8.5 million tons of new petrochemical projects are set to come online this year, boosting nominal capacity to 105 million tons and actual production to 83.5 million tons. For 1404, exports are projected at 34.8 million tons ($13.6 billion), with domestic sales estimated at 16.1 million tons (over $10 billion). 

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