Iran’s petrochemical export is scheduled to reach 20 million tons worth of 9 billion dollars till the end of this Iranian calendar year(started March 20, 2016), senior NPC official said on Saturday.
Director of the Planning and Development Department at
National Iranian Petrochemical Company (NPC) Farnaz Alawi made the remarks in a
Iran will increase export of petrochemical products abroad
to 20 million tons till the end of this Iranian calendar year, she added.
Alawi noted that the nominal capacity of Iran’s
petrochemical industry has increased to 64 million tons till this Iranian
She referred to production of 46.5 million tons of
petrochemical products worth of 9.6 billion dollars the last year(ended March
19, 2016) and said in the first 7 months of this Iranian year, 29 million tons
of petrochemical products were produced.
Alawi predicted promotion of production of petrochemical
products during this Iranian year to 50-51 million tons till the end of
Iran presented 18.8-19 million tons of petrochemical
products to the foreign markets and 14 million tons to the domestic market, she
The official said that Iran exported 11.6 tons of
petrochemical products abroad and 8.5 million tons were sold in the domestic
Alawi referred to export of 9.6 billion dollars of
petrochemical products abroad during the previous Iranian calendar year and
said “we have already exported 4.8 billion dollars of petrochemical products in
the first seven months of this year.”
She pointed to negative effect of energy market on the price
of petrochemical products since 2014 and noted that due to the decrease of
crude oil price at the international markets, Naphtha price as the major
feedstock for production of ethylene decreased.
During the past four years, the price of petrochemical
products exported abroad witnessed 50 percent decrease and the price of
products used in the domestic market experienced 40 percent decrease, Alawi said.
She noted that Iran has targeted to become the region’s
first petrochemical producer till 2020.
Iran is expected to play a significant role in the
international market of polymers and currently, it has 10 percent of the
international market of methanol, the official added.
Presence of international Asian and European companies in
Iran has increased after the nuclear deal reached between Iran and G5+1, she
Alawi voiced hope for reaching agreement with the visiting
foreign companies in the coming months.
The National Petrochemical Company (NPC) a subsidiary to the
Iranian Petroleum Ministry, is owned by the government of the Islamic Republic
of Iran. It is responsible for the development and operation of the country's
Founded in 1964, NPC began its activities by operating a
small fertilizer plant in Shiraz. Today, NPC is the second largest producer and
exporter of petrochemicals in the Middle East. Over these years, it has not
only expanded the range and volume of its products, but it has also taken steps
in areas such as R&D to achieve more self-sufficiency.
Two special economic zones on the northern coast of the
Persian Gulf have been developed to be home to the NPC’s new project. These two
zones enjoy a good access to feedstock, infrastructural facilities, local and
international markets and skilled manpower.