Petchem Exports Up 46% in Two Years: Zangeneh

Iranian Minister of Petroleum Bijan Zangeneh said Iran’s export of petrochemical products stood at 18.7m metric tons in the previous Iranian calendar year, which ended on March 19, up by 46% from two years earlier.

Addressing the Iranian Parliament on Tuesday morning, June 14, Zangeheh said production of petrochemicals by Iranian plants crossed 46m tons per year during the previous year, which is up by 6.6mt from the calendar year 1392 (March 21 2013 – March 20 2014).

He said the Iranian Ministry of Petroleum has no limits for supplying petrochemical plants with natural gas as feedstock.

Zangeneh said the current calendar year will be an “exceptional” year for the petrochemical industry of Iran, as several petrochemical projects will become operational by the middle of next year, with some having been officially launched already, like Mahabad and Lorestan petrochemical plants.

“Once these projects come on-stream, Iran will earn $5.7bn from selling petrochemical projects at 1392 prices,” which will be a giant step for doubling the country’s petrochemical output.