Petrochemical Units’ Feedstock to Rise

Meeting feedstock needed by petrochemical complexes will rise in next year following gradual launching of new phases at South Pars gas field.

The Natioanl Petrochemical Company (NPC) managing director Abdolhosain Bayat made the above remarks in an interview with Shana, adding feedstock needed by petrochemical units will increase step by step by launching South Pars gas field’s phase 12 and starting gas extraction from phases 15-16 and 17-18 in next year.

‘Currently some of petrochemical units are facing feedstock shortage but based on petroleum ministry planning, the petrochemical’s feedstock will be met regularly as of next year resulting to higher petrochemical production capacity’, Bayat noted.

He went on to say that by upgrading, construction and completion of new petrochemical units, the share of petrochemical products in non-oil exports would go up considerably.

He also predicted petrochemical products share in non-oil exports to rise from 44 percent to 46 percent up to the end of current Iranian year on 20th March 2012.

In recent years, share of petrochemical products in non-oil exports have increased from 22.2 percent in 2005 to 43.9 percent in 2010.

Petrochemical products share in non-oil exports increased in 2006, 2007 2008 and 2009 respectively to 25.4, 39.6, 42.8 and 43.5 percent.