Iran’s petchem exports proof against sanctions: NPC
Sanctions on the export of Iranian petrochemical products are ineffective, said the caretaker of the National Petrochemical Company (NPC) on Sunday.
Hassan Abbaszadeh told IRNA that Iran enjoys diverse markets in the field of petrochemicals thanks to the wide variety of products of the industry.
“Currently we are exporting our petchem products to many countries, so forex earnings will be good this year,” he added.
Iran has plans to produce a sum of 83 million tons of petrochemical products during the current Iranian year, said Abbaszadeh in August, adding that 34 million tons of the figure is expected to be destined to international markets.
Addressing the closing ceremony of the 15th Iran Petrochemical Forum on August 5, he stated that by launching new units, the nominal production capacity of the country will hit 103 million tons.
Abbaszadeh went on to say that petrochemical complexes of Iran churned out 74 million tons of products during 2023 which included 10 million tons of methanol, 5 million tons of ammonia, seven million tons of ethylene and about eight million tons of urea.
As per the Seventh Development Plan of Iran (2024-2029), a total of 60 petrochemical projects will be implemented across the country which will increase the nominal production of Iran by 35 million tons, the NPC official said.
Abbaszadeh stressed that the projects have progressed over 50 percent, and a sum of $24 billion is needed to complete the projects.