Iran Expects Petrochemical Sales of $12 B

Iran Expects Petrochemical Sales of $12 B

The Iranian Minister of Petroleum Javad Owji disclosed that petrochemical companies are expected to deposit $12 billion in Iran’s domestic Forex Management Integrated System, locally known as NIMA system, by the end of the current calendar year, which began on March 21.

This announcement was made during the minister’s speech in a ceremony marking the petrochemical day.

He added that there are 67 active petrochemical units in the country that produce valuable products, noting that petrochemical plants have put $9 billion in the NIMA system by the beginning of the year.

Owji stated that there are 15,000 industrial units in the country are provided by petrochemicals.

“Today, about 80 million cubic meters are spent on fuel and feedstock in the petrochemical industry, which produces valuable products, and on the other hand, 600 million cubic meters per day is used in the domestic sector,” he explained.


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