The credit scheme, implemented by the National Petrochemical Company
(NPC), has raised the monthly financing of raw materials from 100 billion rials
($2.38 million) to 4.5 trillion rials ($107.14 million), and a total of 18
trillion rials ($428.57 million) in the current Iranian year, which started in
“This has revived several factories and accelerated production growth
and employment,” Amir Hossein Madani, deputy of the first vice president for
economic revival, told Nipna.
He said that before the credit scheme, only 100 billion rials per
month could be allocated for raw materials, but with the cooperation of NPC and
revival tours, they broke the record and allocated 5.4 trillion rials in April
Iran’s petrochemical industry is one of its main sources of hard currency
earnings, along with oil exports, which have been hit by U.S. sanctions. The
country aims to increase its petrochemical output capacity from 66 million
tonnes per year to 100 million.
($1 = 42,000 rials)