TEHRAN– The capacity for production of petrochemicals in Iran will increase from 92 to 131.5 million metric tons (mt) per year by the end of Iran’s seventh National Development Plan in early 2027, Iran’s Petroleum Ministry reported.
The report said that the capacity for manufacturing propylene in Iran will reach 11.6 million mt at the end of the five-year plan in 2027.
Production capacity of the methanol chain products in the downstream of the Iranian petrochemical sector will increase to 0.7 million mt per year overt the next five years, said the report.
Ethylene chain output will reach 11.9 million mt while aromatic chain production will amount to 3 million mt by early 2027.
Iran’s Natural Gas Exports Top 19 bcm
Iran’s natural gas exports witnessed an 11% growth in the fiscal year 2022 compared to the corresponding period of 2021.
According to the statistical review of the world energy report issued by the Energy Institute, the National Iranian Gas Company transferred close to 19 billion cubic meters of gas to international markets via pipeline in 2022, Financial Tribune reported.
NIGC’s exports in 2021 amounted to 17 bcm, the report added.