Petrochem Revenues Hit $10b in 2020

The 67 petrochemical companies in Iran produced 35 million tons in the last fiscal year that ended on March 20, 2021, of which 27 million tons were exported, managing director of National Petrochemical Company said.
“Exports earned $10 billion. Moreover, 8 million tons of petrochemicals worth $5 billion were sold in the domestic market,” the Oil Ministry’s news service also quoted Behzad Mohammadi as saying.
Demand for oil derivatives rises by 0.9% per year globally while the figure stands at 5% for petrochemical products, indicating the importance of the strategic sector, he added.