Iran regains Europe’s petchem market

TEHRAN, Apr. 16 (MNA) – An NPC official announced that record of Iran’s petrochemical exports to Europe has been broken.

Director of Production Control in Iran's National Petrochemical Company (NPC) Alimohammad Bosaghzadeh referred to new marketing carried out by Iranian petrochemical companies for regaining the market in the post-sanction era saying “the export volume of various petrochemical and polymer products will soar with implementation of new petchem projects and complexes in the current Iranian year (Began March 20).

The official deemed India, China as well as some other Asian countries as traditional markets for Iran’s petrochemical exports adding “nevertheless, diversifying the export markets remains as one major policy pursued during the post-sanction period.”

He stressed that the surplus of production is being exported reiterating “South America, Africa and Oceania mark three new markets for exports of Iran’s petrochemical products following the removal of international restrictions.”

Bosaghzadeh further recalled the decline in petrochemical exports to European countries during sanction years; “meanwhile, with the cancelation of certain limitations, the export volume of Iran’s petrochemical and polymer goods to the green continent had set a new high reaching the pre-sanction level.”

“NPC’s top priority is supplying the domestic demand,” underlined the official concluding “at the moment, nearly 60 per cent of items produced at Iranian petrochemical industries are being shipped abroad.”

 

HA/3599128

 

News Code 115849

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