Apr 23, 2014, 10:17 AM

Iranian petrochemical products find African markets

TEHRAN, April 23 (MNA) – Despite lifting the ban on import by EU countries of Iran’s petrochemical products, these products have found surprisingly African markets.

Iranian National Petrochemical Company had cited China, India, Southeast Asian countries and the Far East as main markets of its products; recently it has found markets in African continent.

African countries have so far imported Iranian petrochemical products with lifting the ban on the import of these products by the EU countries.

In addition to China and India, Bangladesh, Sri Lanka, Pakistan, and Iraq, and in some occasions, Armenia and Malaysia also imported Iranian products especially urea and ammonia fertilizers. Last year, Tanzania and Mozambique joined the bandwagon of countries importing Iran’s products.

Ali Asghar Khazaei the head of Marketing Office of Khorasan Petrochemical Complex told Mehr News that Iran had exported 220,000 tons of urea to Indian subcontinent countries, Malaysia, Afghanistan, Turkmenistan, and Turkey. “EU countries and Tanzania imported our products as well,” said he.

He also added that the melamine cargo of Iran’s northwestern petrochemical complex had been exported to new markets in Africa.

Meanwhile Bahman Zamani, the deputy-managing director of the INPC had told in a recent interview to Mehr News that Iran’s presence in EU markets provided benefits for both sides as a win-win situation. “Unlike the EU markets, Asian markets are economically and commercially more attractive to Iranian products,” he was quoted by Mehr News to have said.

SH/ZK
MNA
END

News Code 102692

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