Iran petchem output up 5%

TEHRAN July 26 (Shana)–Iran’s petrochemical production increased more than five percent during the first four months of the current calendar year (which started on March 21) from a year ago, a senior petrochemical official said.

 Ali-Mohammad Basaqzadeh, director for production control of National Petrochemical Company, said the growth results from phases 12 and 15&16 of the massive South Pars gas field.

He said that petrochemical production increases as long as more feedstock is supplied to petrochemical plants.

Basaqzadeh predicted the country’s petrochemical output to reach 48 million tons this year in case of enough feedstock.

He said that South Pars gas field is expected to add 100 mcm of natural gas to the country’s production this year, leading to more petrochemical production.

A deputy head of NPC said recently that Iran’s petrochemical exports have increased six percent over the first quarter of the current Iranian calendar year.

Mohammad Hassan Peyvandi said domestic sales of petrochemical products also soared by 6.6 percent during the same three months from the preceding year.

Iran produced 40 million tons of petrochemicals in the last calendar year, with 9 billion dollars worth of its products being exported.

The country plans to increase its petrochemical exports to 12 billion dollars this year.



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