Iran’s petchem exports reach 15 mil tons over 9 months

According to media reports, Iran’s petrochemicals exports increased during the period between March 20 and December 20 to reach $6.5 billion and this amount is expected to reach $9-9.5 billion dollars by the end of the year.

The reports indicated that the country manufactured about 37 million tons of petrochemicals and polymer products so far and exported 15 million tons of them, which is expected to increase even more after the negotiations with new markets for exports such as South America and Australia are complete.

Previously, the country had announced that it produced 29 million tons of petrochemicals in the first seven months and estimated its exports to reach 20 million tons by the end of this Iranian calendar year.

However, Iran’s production of petrochemicals is below its normal capacity, the reason for which is attributed to the requirement of feedstock, particularly ethane, as well as gas outages in some petrochemicals complexes.