{"id":11512,"date":"2024-08-05T03:12:47","date_gmt":"2024-08-05T03:12:47","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=11512"},"modified":"2024-08-05T03:12:47","modified_gmt":"2024-08-05T03:12:47","slug":"petchem-output-to-reach-80m-tons-by-late-march-2025","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/11512\/","title":{"rendered":"Petchem output to reach 80m tons by late March 2025"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Head of Iran\u2019s National Petrochemical Company (NPC) has said the country\u2019s petrochemical output is estimated to reach 80 million tons in the current Iranian calendar year, Shana reported.<\/p>\n

Noting that one of the main objectives of the Oil Ministry in the current year has been the sustained supply of feed to petrochemical complexes, Morteza Shahmirzaei put the country\u2019s petrochemical exports in the previous Iranian calendar year (ended on March 19) at 30 million tons.<\/p>\n

Back in May, Ahmad Mahdavi Abhari, the director general of the Association of Petrochemical Industry Corporation (APIC), said Iran\u2019s petrochemical output has increased by 15 million tons over the past two years.<\/p>\n

Abhari put the country\u2019s current petrochemical output at 82 million tons.<\/p>\n

He said Iran\u2019s petrochemical output stood at 67 million tons before late President Raisi took office in August 2021.<\/p>\n

The official also noted that the Iranian petrochemical industry has created as many as 143,000 direct jobs in the mentioned period.<\/p>\n

He put the current growth of Iran\u2019s petrochemical industry at 40.6 percent up from 27.5 percent in the country\u2019s third five-year development plan.<\/p>\n

Earlier in April, Shahmirzaei said the company was planning to complete 13 new petrochemical projects by the end of the current Iranian calendar year to further increase the country\u2019s petrochemical output.<\/p>\n

\u201cOne of the strategies of the petrochemical industry in the year “production leap with people’s participation” is to put 12 new petrochemical projects into operation by the end of [the current Iranian calendar]1403 and use all available capacities,\u201d the official said.<\/p>\n

He stated that the completion of 12 petrochemical projects by the end of this year will have a significant impact on the growth of production and economic development of the country.<\/p>\n

The NPC head had previously put the country\u2019s petrochemical production capacity at over 92 million tons, and said: \u201cToday we are almost self-sufficient in the main petrochemical sectors including products and equipment.\u201d<\/p>\n

Iran’s petrochemical industry accounts for 28 percent of the region’s petrochemical capacity and 2.7 percent of the world’s petrochemical capacity, he announced.<\/p>\n

The petrochemical industry plays a crucial role in Iran\u2019s non-oil economy, as petrochemical export is the second-largest source of revenue for the country after crude oil. Petrochemical exports already constitute nearly 33 percent of the country\u2019s non-oil exports.<\/p>\n

According to Shahmirzaei, the company plans to increase its annual petrochemical production capacity to 200 million tons over the next 10 years.<\/p>\n

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