Iran (IMNA) - Mohammad Rezvanifar, the head of the Islamic Republic of Iran Customs Administration (IRICA), announced that the country exported 24.5 million tons of petrochemicals worth $9.8 billion between March 20 and August 21, reflecting a 12.5 percent growth in weight year on year.
Morteza Shahmirzaei, head of Iran’s National Petrochemical Company (NPC), indicated that petrochemical output is projected to reach 80 million tons by the end of the current Iranian calendar year in March 2025. Shahmirzaei emphasized the Oil Ministry’s focus on ensuring a consistent supply of feed to petrochemical complexes, noting that exports for the previous calendar year, ending March 19, totaled 30 million tons.
In May, Ahmad Mahdavi Abhari, director general of the Association of Petrochemical Industry Corporation (APIC), revealed that Iran’s petrochemical output has increased by 15 million tons over the past two years, currently estimated at 82 million tons. He noted that output was at 67 million tons prior to the late President Raisi’s administration beginning in August 2021.
Abhari further reported that the Iranian petrochemical industry has generated approximately 143,000 direct jobs during this period and highlighted a growth rate of 40.6 percent, up from 27.5 percent over the third five-year development plan.
Shahmirzaei announced plans to finalize 13 new petrochemical projects by the end of the current calendar year, underscoring the significant impact these initiatives will have on production growth and the country’s economic development. He noted that the current production capacity for petrochemicals exceeds 92 million tons, contributing significantly to Iran’s non-oil economy, where petrochemical exports rank as the second-largest revenue source after crude oil and account for nearly 33 percent of non-oil exports.
Looking ahead, the NPC aims to boost annual petrochemical production capacity to 200 million tons over the next decade, reinforcing the industry's crucial role in Iran’s economic strategy.
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