Iran 7-month petchem output up 9% Y/Y

SHANA – Iran’s petrochemical output in the first 7 months of the current Iranian calendar year rose by 9% from the same period last year.

Director of Production Control in Iran’s National Petrochemical Company (NPC) Alimohammad Bosaghzadeh said Iran’s petrochemical facilities supplied 31 million tons of petrochemicals since March 21 2017, NIPNA reported.

Addressing a meeting of petrochemical executives on Thursday, the official said 10 million tons of the output has been consumed domestically, up 14% year-on-year.

He further said 13 million tons of petrochemical products were also exported during the period fetching the country $6.5 billion in revenues.

Productivity of the petrochemical plants operating in Mahshahr Petrochemical Zone rose by 13% during the period, while the output by Assalouyeh plants rose by only 2%, Bosaghzadeh added.

The production of the facilities operating in other areas of the country rose by 16% during the period, he said.