10 May 2024 - 15:00
  • News ID: 641353
Iran’s Annual Petchem Production Tops 74m Tons

SHANA (Tehran) - The production control manager of Iran’s National Petrochemical Company (NPC) announced that the country’s petrochemical complexes with 79 percent of their installed capacity produced 74.3 million tons of petrochemicals during the last Iranian year of 1402 which ended on March 19.

Speaking in the meeting to review the realization of the production leap strategy in the petrochemical industry, Bijan Chegeni noted that the production leap should be realized in the petrochemical industry in order to increase production of downstream industries, exports and forex of Iran.

The meeting was held on the sidelines of the 28th Iran International Oil, Gas, ‎Refining and ‎Petrochemical Exhibition (Iran Oil Show 2024) in Tehran on Friday.

“The NPC has a basic plan to eliminate as much as possible the three important factors of feed shortage, overhauling problems as well as process problems of the petchem industry, while it has not neglected other factors either.”

Following the drop in the global prices of petrochemical products, it is not a good solution to halt production, he stated, noting that the targets should be defined in such a way to move towards completing the value chain through production with inexpensive feed.

A sum of 20 petrochemical companies received 208 megawatts of electricity from the national power grid, as most of these companies have moved towards investing in the purchase of gas-fired power plants to become independent in power supply, Chegeni stated.

In addition to 1,500 Iranian firms, a sum of 250 companies from 12 countries have taken part in Iran Oil Show 2024, whose motto is “Petroleum industry, production leap and technological optimization”.‎

Participants from the upstream, intermediate and downstream sectors of the oil industry, along with associations and unions of oil industry equipment manufacturers, first-time producers NTBFs are showcasing their achievements in the Iran Oil Show 2024, which is the most important Iranian event related to the oil industry.

Inaugurated on Wednesday, the exhibition will be open to visitors at the Tehran International Permanent Fairground every day from 9:00 a.m. to 4:00 p.m. (0530 to 1230 GMT) until Saturday.

News ID 641353


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