Speaking to reporters on Saturday, the official said the country has also increased its exports of petrochemicals by 4% in the period from the same period last year.
Furthermore, Iran has doubled export of chemical products to Europe in the period thanks to the removal of US-led sanctions on Tehran’s nuclear agenda.
He said given the rise of exports, petrochemical activities were profitable even though the price of oil kept its downward trend.
Bossaqzadeh also expressed satisfaction at the country’s current petrochemical output, and said he hoped the trend will continue in the remaining months of the year.
He said Iran’s total petrochemical output stood at 22.7 million tons by October 21, end of the 7th month in Iranian calendar, adding production from 21 petrochemical plants rose by at least 10% during the same period.