Iran 4-Month Petchem Output at 18mt

Iran 4-Month Petchem Output at 18mt
(Sunday, July 30, 2017) 17:35

TEHRAN (NIPNA) -- Iranian petrochemical plants produced 18 million tons of products in the first 4 months of the current Iranian calendar year which began on March 20.

Ali Mohammad Bossaqzadeh, director of production control at National Petrochemical Company (NPC), said the amount was a new record in production of petrochemicals in Iran.

Iran launched several petrochemical facilities last year and will launch a number of others in the current year.

Given the sector's performance in the period, the country will break a new record in petrochemical output in the current calendar year, the official said.

Bossaqzadeh further added that the country is estimated to supply 56 million tons of petrochemicals during this calendar year from last year's 51 mt.

He said nearly 60% of petrochemicals produced by Iran are exported, adding the rest is sold on the domestic market.

This output will be 86% of the country's rated production capacity.

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