Iran to Produce 80 Million Tons of Petrochemicals by Yearend: Deputy Oil Minister
TEHRAN (Tasnim) – The chief executive of the Iranian National Petrochemical Company (NPC) said that more than 80 million tons of petrochemical products will be produced in the country by the end of the current Iranian calendar year (to end March 20, 2025).
Morteza Shahmirzaei put the amount of petrochemicals produced in Iran during the previous Iranian calendar year (ended March 20, 2024) at 73 million tons.
Speaking at a news conference, he said the current production capacity of the petrochemical units in the country is 96 million tons, expandable to 100 million tons.
The deputy minister of oil went on to say that Iran is exporting its petrochemical products to countries on five continents in the world, IRNA reported.
Shahmirzaei added that about 30 million tons of petrochemicals were exported overseas last year (2023), and 13 million tons of petrochemicals were also consumed in the country in this period.
The CEO of the NPC drew a comparison between the production capacity of petrochemicals before and after the Islamic Revolution and added that while 1.5 million tons of petrochemicals were annually produced before the Islamic Revolution, the figure has reached 96.5 million tons now.