Iran Petrochem Sector Shows Healthy Signs of Growth
Petrochemical companies in Iran are doing relatively well as production and exports have been of the ascending order in the past six years, managing director of the National Petrochemical Company said.
"Production has increased by 5.8 million tons a year since 2013," Behzad Mohammadi was quoted as saying by IRNA.
Close to $5.4 billion was invested in the sector in the past six years. Giving a breakdown, he said six years ago NPC’s annual output was near 23 million tons and has now reached 58 million tons -- up 152%.
Of the total output (58 million tons), 35% or about 20 million tons is bought by local companies to be converted into value-added products and the balance is exported.