Addressing a press conference, Farnaz Alavi, director planning and development at the National Petrochemical Company (NPC), said the country's production capacity stands at 64 million tons per year.
She said the country's output in the first 7 month of the current calendar year stood at 29 mt while last year's total output was 46.5 mt.
The official further said that Iran's petrochemical exports will hit 20 million tons per year by the end of the year.
Alawi predicted that Iran's petrochemical output will cross 50 mt till the end of year.
Iran presented 18.8-19 million tons of petrochemical products to the foreign markets and 14 million tons to the domestic market, she added.
The official said that Iran exported 11.6 tons of petrochemical products abroad and 8.5 million tons were sold in the domestic market.
Alawi referred to export of 9.6 billion dollars of petrochemical products abroad during the previous Iranian calendar year and said “we have already exported 4.8 billion dollars of petrochemical products in the first seven months of this year.”
She pointed to negative effect of energy market on the price of petrochemical products since 2014 and noted that due to the decrease of crude oil price at the international markets, Naphtha price as the major feedstock for production of ethylene decreased.