Iran 5-Month Petchem Exports Grow 12% Y/Y

Iran 5-Month Petchem Exports Grow 12% Y/Y
(Friday, September 8, 2017) 14:41

TEHRAN (NIPNA) – Export of petrochemicals by Iranian producers rose by 12% in the first 5 months of the current Iranian calendar year which began on March 21, National Petrochemical Company (NPC) says.

The volume of petrochemicals produced by Iran's petrochemical facilities rose by 6 percent in the first 5 months of the current Iranian calendar year which began on March 20 from the same period last year, Ali Mohammad Bossaqzadeh, director of production control at NPC, said.

He said the rise was made possible despite overhaul operations in a number of petrochemical facilities across the country.

"The level of production is acceptable for the industry, and a 5-million-ton growth expected in the sector by March 2018," he added.

Last year, petrochemical facilities operated at an average of 81% of their nameplate capacity, Bossaqzadeh added, which is expected to cross 85% this year.

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, a new record in the industry's 4-month output.

The country is estimated to supply 56 million tons of petrochemicals during this calendar year from last year's 51 mt.

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