Iran’s 10-month petchem exports worth close to $9.7b
Iranian petrochemical complexes exported more than 18.58 million tons of products worth $9.69 billion during March 21, 2017-January 20, 2018. Of the total exports in the nine-month period, more than 9.48 million tons valued at $4.81 billion pertained to petrochemical complexes located in Pars Special Energy Economic Zone (PSEEZ) in the southwestern province of Bushehr, Shana reported.
Over five million tons of the total figure in the same timespan valued at $2.76 billion were exported from petchem complexes in Mahshahr port in Khuzestan Province, southwestern Iran. During the 10-month period to January 20, the overseas sales of petrochemicals from Iranian complexes located in other regions exceeded 4.4 million tons, generating $2.1 billion in revenue.
In this period, Zagros Petrochemical Company in Bushehr Province ranked first among other Iranian complexes weight-wise exporting more than 2.49 million tons of petrochemicals.
Nouri Petrochemical Company in the same province shipped petrochemical products valued at over $1 billion abroad during March 21, 2017-January 20, 2018, to rank first among the PSEEZ complexes in terms of value.
Among the companies located in Petrochemical Special Economic Zone, Mahshahr port, Bandar Imam Petrochemical Complex was first in terms of the value of the exports in the same duration selling more than 1.76 million tons of products worth $880 million in foreign markets.
Kharg Petrochemical Company in Kharg Island, the Persian Gulf, was also a top exporter of petrochemicals in the said period with sales figures reaching 964,000 tons valued at more than $337.42 million.
Asian countries, particularly those in East and South Asia, are the main customers of Iranian petrochemicals.
Following the signing (July 2015) and later the implementation (January 2016) of the Joint Comprehensive Plan of Action Iran’s petrochemical exports to Europe have been on the rise.
Since 2013, Iran has stepped up efforts to organize the country’s exports and imports by formulating new policies.
Since the same year, the number of petrochemical units in Iran has grown from 43 to 53 while its installed petrochemical capacity has reached 64.9 million tons from 59.8 million tons.
The annual output of Iranian petrochemical companies has increased from 41.3 million tons in 2013 to more than 44 million tons in the period between December 22, 2017-January 20, 2018.
Iranian petrochemical industry’s installed capacity is expected to stand at 172.1 million tons by the end of the Sixth Five-year Economic Development Plan (2017-21). In addition, annual production and exports of petrochemicals are expected to reach 152.8 million tons and 98.7 million tons, valued at $54 billion, by the same year.
Iran is the Middle East’s second biggest producer of petrochemicals accounting for 23.6 percent of the region’s total output.
Output
In addition, during the 10-month period to January 20, 2018, Iranian petrochemical complexes produced more than 44.2 million tons of products.
Of this figure, 16.25 million tons were produced by 21 petrochemical companies located in Mahshahr port.
The annual nominal production capacity of the petchem complexes located in this zone stands at 25.6 million tons. They are expected to produce 21 million tons of petrochemicals by March 21, 2018.
Close to 18.68 million tons of the total output of Iranian petchem companies in this period were produced in 16 complexes located in Assalouyeh in the southern Iranian province of Bushehr. These complexes’ nominal output capacity amounts to 32.7 million tons per annum.
They plan to produce 26.5 million tons of petrochemicals by mid-march 2018.
Production at 21 petchem complexes located in the central regions reached 9.26 million tons in the 10-month period to mid-january, 2018. The annual nominal capacity of these complexes is 13.7 million tons, a target of which 11.4 million tons are estimated to be achieved by March 2018.
Iran’s total petrochemical output during December 22, 2017-January 20, 2018, stood at 4.28 million tons.