Petchem exports rise 26% in post-sanction Iran

May 9, 2016

TEHRAN- Since the implementation of the nuclear deal between Iran and P5+1 in January, exports of petrochemical products has witnessed a 26-percent hike, Marzieh Shahdaie, the managing director of Iran's National Petrochemical Company (NPC) said on Sunday.

“Iran’s Petrochemical transactions with the world have been eased since January thanks to the strengthened banking and insurance relations between Tehran and international banks and institutes,” IRNA quoted the NPC managing director addressing a news conference on the sidelines of the 21st International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2016), which was held at Tehran Permanent International Fairground from May 5 to 8.

According to Shahdaie, Iran currently exports its petrochemical products to various parts across the globe including Europe and South America.

Iran exported 19 million tons of petrochemical products during the past Iranian calendar year of 1394 (which ended on March 19), a 2.5-million-ton increase compared to its preceding year.

As reported, the first consignment of Iranian petrochemical products to Europe arrived in the Port of Hamburg in March.

HJ/MA
 

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