BAKU, Azerbaijan, May 11. Iran's production of petroleum products in the last Iranian year (from March 21, 2023, through March 19, 2024) amounted to 74.3 million tons, head of the production control department of Iran's National Petrochemical Industries Company, Bijan Chegeni said, Trend reports.
He made the remark during the 23rd International Exhibition of Oil, Gas, Refining, and Petrochemicals held in Tehran.
According to him, it accounts for 79 percent of Iran's petrochemical production.
Chegeni noted that Iran's National Petrochemical Industries Company has set a goal to increase the country's petrochemical production. Thus, if production increases, the export of petrochemical products will increase in parallel with it, which will bring income to the country.
To note, the 4-day 23rd International Exhibition of Oil, Gas, Refining, and Petrochemicals kicked off in Tehran on May 8. 1,700 local companies and 250 foreign companies attended the exhibition.
Meanwhile, Iran exported 48.8 million tons of petrochemical products worth $19.4 billion in the last Iranian year (from March 21, 2023, through March 19, 2024). Compared to the previous year (from March 21, 2022, through March 20, 2023), petrochemical exports decreased by 28.6 percent in terms of value and 11.3 percent in weight.
Iran's petrochemical production potential was 95 million tons at the end of last year. During the current year (from March 20, 2024, through March 20, 2025), Iran informs that petrochemical production potential will increase by 5 million tons to 100 million tons.
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