Petrochem Output, Revenues Decline

A substantial reduction in gas supply to petrochemical plants, the sale of more goods in Iran Mercantile Exchange and a price slump in international markets have reduced the petrochemical sector’s revenues, the secretary-general of the Association of Petrochemical Employers Unions said.
“The production of some key products, including urea and methanol between January and February, experienced a decline of 5 million tons compared to the same period of a year ago,” ILNA also quoted Ahmad Mahdavi-Abhari as saying.
Due to the noticeable drop in output, the sector’s revenues from exports fell by $1.5 billion in the 60-day period, he added.