BAKU, Azerbaijan, September 3. Iran plans to allocate $6 billion during the current Iranian year (from March 21, 2025, through March 20, 2026) to boost its petrochemical production, said Hassan Abbaszadeh, deputy for the petrochemical affairs and the head of Iran’s National Petrochemical Company (NPC), Trend reports.
Speaking at a press conference in Tehran, Abbaszadeh said that six projects funded by this investment will add 9.8 million tons of production capacity.
He noted that the country’s current petrochemical production potential stands at nearly 100 million tons per year, but around 22 percent of that capacity remains unused due to shortages of raw materials. That is why a working group has been formed to address fuel supply issues and explore solutions.
The Iranian Customs Administration announced that the country exported 21.9 million tons of petrochemical products worth $8.63 billion during the five months of the current year (from March 21 through August 22, 2025). Compared with the same period last year (from March 20 through August 21, 2024), the value of exports dropped by 13 percent, while volume increased by 12 percent.
At present, Iran has 72 petrochemical plants with a combined annual capacity of 96 million tons. Over the next five years, the government plans to spend $24 billion to build 61 additional facilities with a capacity of 35 million tons. Looking ahead, Iran aims to raise its total petrochemical production to 186 million tons within the next decade.
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