NPC Export Earnings to Reach $18 Billion by March 2023

The export of petrochemical products is projected to generate $18 billion in revenues for the National Petrochemical Company by the end of the current fiscal year (March 2023), managing director of NPC said.
“Close to 43 million tons of petrochemical commodities are expected to be produced in 67 petrochemical companies, of which 33 million tons will be exported,” the Oil Ministry’s news portal also quoted Morteza Shah-Mirzaei as saying.
The NPC chief added that the total earnings of the lucrative sector (exports and domestic sales) will peak at $25 billion by March 2023, as the industry’s production capacity has reached 90 million tons per year.
“Petrochem plants across the country received 40 million tons of feedstock, including condensates, ethane, natural gas and naphtha, in the last fiscal year, which was equivalent to 1 million barrels of crude per day that will rise to 2 million barrels per day in 2025,” he added.