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Large Scope for Iran Petrochemical Sector

In the March 2018-19 fiscal, Iranian companies exported $14.1 billion worth of petrochemicals. Official data has it that petrochemicals account for 32% of Iran’s non-oil exports
Large Scope for Iran Petrochemical Sector Large Scope for Iran Petrochemical Sector

The US sanctions on Iran’s oil sector has had no influence on petrochemical exports because the mechanism defined for exporting petrochemicals differs from crude oil export, the secretary general of Association of Petrochemical Employers Unions said.
“Petrochemical exports continue as usual and with new petrochemical plants coming on stream later this year, this industry will show higher output numbers along with increase in exports,” IRNA quoted Ahmad Mahdavi-Abhari as saying.
With the completion of petrochemical plants, namely Marjan in Asalouyeh, the first phase of Bushehr Petrochemical Complex and Kaveh Methanol Company in Bushehr Province, Iran’s annual petrochemical output will surpass 63 million tons.

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