Petrochemical Exports Top $15bn in 11 Months

Date: 27 February 2023 - 21:55

News ID: ۱۱۲۸۸۴

TEHRAN -- The director of planning and development of the National Petrochemical Company (NPC) Hassan Abbaszadeh on Monday announced the export of $15 billion of petrochemicals in first 11 months of the current Iranian calendar year which began on March 21.
On the sidelines of the 9th Petrochemical Industry Excellence Award ,Abbaszadeh said: “The total export of the petrochemical industry last year was $15 billion, of which $12.7 billion entered the NIMA system and returned to the economic cycle of the country.”
He added: “While the total export of petrochemical products in 11 months of this year was about $15 billion, more than 90% of which was supplied in the NIMA system, and petrochemical companies still adhere to meeting their hard currency obligations.”
According to Abbaszadeh, some petrochemical companies are required to supply their products in the domestic market and are not allowed to export, such as Tondgouyan Petrochemical Plan, which is the only producer of polyethylene terephthalate in the country and because of domestic demand, supplies all products in the domestic market. Therefore, it is necessary for such companies to get help from other companies to meet their hard currency needs in order to buy parts, spare parts, or catalysts.