Iran’s petrochemical industry exports reach $12 billion

According to Energy Press, Hassan Abbaszadeh, CEO of the National Petrochemical Industries Company, stated: Since 2018, the monitoring of foreign exchange from the petrochemical industry has been based on a program that is prepared at the beginning of each year in coordination with the companies based on the production forecasting program for each complex, sales and supply of domestic needs, exports, and a census of each company’s foreign exchange needs, including the supply of chemicals, catalysts, spare parts, and the implementation of projects at the National Petrochemical Industries Company and sent to the Central Bank of the Islamic Republic of Iran.
He added: Foreign exchange from exports, other than the amounts used to supply chemicals, catalysts, spare parts, and the implementation of projects by registering orders and controlling the National Petrochemical Industries Company, has been made available to the banking system directly through the NIMA system and since February 1 at the Gold and Foreign Exchange Exchange Center, and the Central Bank uses them based on its priorities and foreign exchange policies.
The Deputy Minister of Oil stated that “in this regard, companies active in the petrochemical industry, under the direct supervision of the National Petrochemical Industries Company, have returned the foreign exchange earned from exports to the country’s economic cycle in accordance with the latest instructions and circulars of the Central Bank,” and said: “The performance of exports and the injection of foreign exchange earned from them into the country’s economic cycle in the first 11 months of 1403 and 1404 has been almost equal to 9 billion and 140 million dollars, which does not show any change.” He added: “Of course, there are minor changes in the amount of exports in different months from the beginning of Farvardin to the end of Bahman 1403 compared to the same months last year, which is inevitable given the problems and obstacles to exports, including unilateral and cruel sanctions; the important point is that the eleven-month performance of the entire petrochemical industry in terms of exports has not changed compared to last year.”