Iran exported $8.205 billion of petrochemical products in the first seven months of the current Iranian calendar year (March 21-October 22).
The country exported 14.109 million tons of petrochemicals in the seven-month period, according to the Iran Customs Administration.
Iran’s petrochemical exports accounted for 34 percent and 25.12 percent of the value and weight of the country’s non-oil exports, respectively, in the first seven months of this year.
On Monday, Mohammad Hassan Peyvandi, the deputy director of Iranian National Petrochemical Company (NPC), said the country’s petrochemical output is planned to be doubled by the Iranian calendar year of 1397 (which will start on March 2018).
Peyvandi made the remarks in the international conference of investment opportunities in Iran’s petrochemical industries in the post-sanctions era, which was held in Tehran.
The official mentioned increasing the petrochemical production as the main policy of Iran’s petrochemical sector in the county’s Sixth Five-Year National Development Plan (2016-2021).
On October 17, Ali-Mohammad Basaqzadeh, the control manager of NPC, said Iran’s petrochemical sector is forecast to see an output surge to 47 million tons by the end of the current Iranian calendar year (started from March 21).
Realization of the new capacity will be boosted by ethane production increases from phases 15 and 16 of South Pars gas field (which Iran shares with Qatar in the Persian Gulf), the official added.