Iran 6-Month Petchem Output up 5% Y/Y

Iran 6-Month Petchem Output up 5% Y/Y
(Monday, October 9, 2017) 15:26

TEHRAN (NIPNA) -- Iran's production of petrochemicals rose by 5% in the first half of the current Iranian calendar year which began on March 20 year-on-year.

According to Ali Mohammad Bossaqzadeh, director of production control at National Petrochemical Company (NPC), the country's petrochemical production stood at 27 million tons in the first 6 months of the year, adding the amount its 5% higher than the same period last year.

The value of the produced items rose by 12% from last year, he said, adding sales also rose by 7%.

The official further said Iran has also exported 15,000 tons of polyethylene to various Asian countries during the period.

He said most of Iran's exports are destined to far Asia to countries like India, China and South Korea, adding exports to Africa have also increased and will grow even more in the future.

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