CEO: Iran Gas Exports Revenue Grow 64%

Date: 28 August 2022 - 21:33

News ID: ۱۰۶۲۶۶

TEHRAN – The CEO of the National Iranian Gas Company (NIGC) Majid Chegeni on Sunday said that the country’s gas export revenue rose by 64%.
Addressing a ceremony held on the occasion of Government Week to launch a number of gas supply projects, Chegeni announced that in the first year of the 13th administration, “we saw a 64% increase in gas export income and launching of 503 kilometers of new gas transmission lines.”
The official also touched on the operation of gas supply projects, saying, “Today, we are witnessing the operation of gas transmission pipelines and gas supply to 16 cities and 1,091 villages and as many as 1,959 industries in the region with a credit of Rls.103,000 billion.”
The deputy minister of petroleum for gas affairs pointed to the projects whose implementation operations will start during Government Week, and said, “In this ceremony, the implementation operations of gas supply to 9 cities and 928 villages and more than 2,000 industries will also begin with a credit of more than 53 billion rials.”
“As you know, more than 75% of the country’s energy mix with 30 million subscribers, including domestic, commercial, industrial and agricultural, is dependent on natural gas, and it is not an exaggeration to say that the gas industry is the beating heart of the country’s economy,” Chegni added.
Earlier on Friday, the CEO of the National Petrochemical Company (NPC) Morteza Shahmirzaei said the country’s petrochemical revenues is planned to hit $18 billion in the current calendar year, which began on March 21.
Shahmirzaei said that the country’s propylene production capacity was planned to hit 14 million tons per year by 2033.
He added: “Currently, the petrochemical industry has become a mature and leading industry in the value chain of the oil industry, with the production capacity in this industry reaching more than 90 million tons per year and the sales value of its products reaching $25 billion last year.”
The NPC CEO continued: “It is expected that the export of petrochemical products will earn about 18 billion dollars for the country this year.”
According to Shahmirzaei, every year a part of the country’s hard currency goes out of the country due to the import of petrochemicals that are not produced domestically, which are more important among the imported products of the propylene chain, because they include more than 70% of the imported petrochemical products.