Iranian petchem production, exports up by 10%

TEHRAN, Sep. 11 (MNA) – Implementation of new South Pars phases has led to a 10-percent rise in production and exports of Iranian petrochemicals despite recent chain blazes in petchem plants.

Despite the fact that a number of Iranian petrochemical complexes were hit by fire in recent months and the consequent halt in their production, Iran has managed to export about 3.7 billion dollars of various petchem and polymer products over the first five months of the current Iranian calendar year (began March 20).

Accordingly, in the five-month period, approximately 8.724 million tons of petrochemicals worth 3.7 billion dollars were deployed to global markets.

Furthermore, the aggregate volume of production in the country’s petrochemical industry has exceeded 21.238 million tons including the 4.215-million-ton output attained in the previous month.

The uplift in production and exports of petrochemicals, despite recent blazes and catastrophes, could be explained by the boost in feed supply given the operation of new South Pars phase as well as implementation of new projects in Mahabad, Lorestan, Kavian and Marvdasht.

In other words, coming on stream of new phases in South Pars field and the surge in ethane production have enhanced feed supply to Kavian complex, as the largest ethylene supplier, which in turn offers more amounts of raw material to Mahshar, Lorestan, Mahabad, Ilam and Kermanshah petchem plants.

Statistics reveal that the production volume of petrochemical and polymer products has increased by 10 per cent since the beginning of the current year as compared with a year earlier.

HA/3765945

News Code 119638

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