Friday, 03 December 2021 01:19 GMT

Iran logs 4pct rise in petrol outcome over H1

(MENAFN) Iran's petchem production has grown by at least 4 percent through the 1st six months regardless the sanctions the country has tolerated most of the current Iranian business year.

Accordingly, based on the National Petrochemical Company (NPC), the imposed sanctions did obviously limit the nation's capability to produce the targeted amount of oil/gas products.

In particular, the country's access to equipment needed for starting new phases of the supergiant South Pars gas field planned to supply feedstock to petchem plants, were bounded.

'According to the plans, the country expected to raise its petrochemical production capacity by at least 10pct y-o-y which was only 4pct achievable due to the limitations,' said the deputy oil minister.

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