Iran Poised to Increase, Diversify Pet-Chem Output by 2025

Caretaker of the Planning and Development Management of Iran’s National Petrochemical Company (NPC) Ali Asqar Goudarzi Farahani said that the country is expecting two leaps in its petrochemical production in 2021 and 2025 to hit the yearly output of 133 million tons in 5 years.

The diversity of petrochemicals produced in Iran is expected to be enhanced by 2025 as the country is planning to realize the sector’s second and third leaps by 2025, Goudarzi Farahani said on Saturday.

According to the National Petrochemical Company (NPC), the official added that by the second and third petrochemical leaps in the country, Iran would expect to supply a wide variety of petrochemicals domestically.

The first leap of the industry took place in 2011 while the second and third leaps are planned to be realized by 2021 and 2025, respectively.

Goudarzi Farahani told NIPNA that the country’s production capacity would reach 100 mt/y by 2021 from currently 66 mt/y, adding that the sector’s output would reach 133 mt/y by 2025.

Furthermore, NPC considered feedstock supply to the plants as a priority, adding that the leaps would allow domestic production of key petrochemical data-x-items in the country.

“NPC, besides managing feedstock supply to petrochemical plants, concerns value-chain completion and curbing crude oil and gas sales while taking steps to diversify the petrochemical production mix of the country,” he added.

On Monday, Iranian Oil Minister Bijan Namdar Zanganeh said that his country is working on the development of refineries and petrochemical complexes along Makran coasts, a region comprising about 1,500 km of shoreline along the Sea of Oman and the Indian Ocean.

Zanganeh had announced in mid-September that the country has made great progress in the production of different petrochemicals and will further expand its capacities in future.

In relevant remarks earlier in Septmber, Iranian Government Spokesman Ali Rabiyee had also downplayed the effects of US sanctions against his country, stressing that Iran had many options for exporting its crude.

"Despite the espionage acts by Israel and the US, I clearly declare that we sell our oil as much as we need through planning," Rabiyee said.

He explained that Iran has 15 neighbors and is located in a region with many opportunities, and added, "We will be able to sell our oil through different methods and fortunately, there is good progress in advancing oil discoveries and plans."