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$20b Petchem Revenue in Current Fiscal Year, CEO says

$20b Petchem Revenue in Current Fiscal Year, CEO says
(Tuesday, July 20, 2021) 12:46

TEHRAN (NIPNA) – The CEO of the National Petrochemical Company (NPC) announced that the country’s petrochemical revenue would reach $20 billion in the current Iranian calendar year which began on March 21.

Speaking on Monday, Behzad Mohammadi said that $14 billion would be generated by exporting petrochemicals and the rest would be reaped from domestic sales of the products.

“This is the first time that annual petrochemical revenue reaches these figures,” he told the Annual General Assembly of the Petrochemical Special Economic Zone Organization

He said NPC is currently governing 50 petrochemical projects throughout the country, adding there are 11 projects remaining from the second leap of the petrochemical industry.

"Six projects will be operational by the end of this [calendar] year and five projects which were delayed due to the coronavirus pandemic will be launched in the first half of 1401," he said.

The CEO of the National Petrochemical Company said that 39 plans are being built for the third leap in the petrochemical industry, and said: "Iran's petrochemical industry will reach a capacity of 137 million tons and revenue of $37 billion in 1404, which is very important for the role of the National Petrochemical Company and the petrochemical industry in the country's macro-economy."

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