Iran March-May Petchem Output Grows 6% Y/Y

(Monday, May 18, 2020) 11:55

TEHRAN (NIPNA) – Iran’s petrochemical complexes achieved a 6% increase in production in the period between March 20 and May 10 compared to the same period last year, said the director of production control at the National Petrochemical Company.

Referring to the fact that petrochemical products were being produced in the country in a satisfactory fashion, Seyed Jalal Mir Hashemi added: “This year, production has increased by 6% year-on-year from March 20 to May 10.”

Iran's petrochemical industry is braced for a production leap this year due to the existing capacities and ongoing measures, he said, adding new projects are planned to come online and idle capacities of certain facilities be tapped in order to optimize operations in the sector.

“The petrochemical industry as one of the parent industries is one of the most important pillars of development and the driving force of various sectors of the country's economy,” the official said. 

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National Petrochemical Company