Export of petchem products up by 37%

Tehran, June 10, IRNA – Iran Petrochemical Commercial Co. Managing Director, Mehdi Sharifi Nik Nafas, said on Friday that export of petrochemical products has increased by about 30 to 37 percent in weight in the post-sanctions era.

Nik Nafas told IRNA that the products have not risen in value, however, mainly due to fall in the oil prices and subsequently decline in the price of petrochemical products.
On condition of export of petrochemical conditions and demand for the products in the world markets, he said there is demand for the Iranian products in the world markets but the exports should be in balance with the production.
The official said three representative offices are active in Germany, the UK and Switzerland and number of the sales offices in Europe will increase in the future in proportion to the exports to the destination.
More than 46,400,000 tons of petrochemical products were produced last year, accounting for 80 percent of the nominal production capacity.
Last year, 18,100,000 tons of petrochemical products were exported, showing a growth of 23 percent compared to the figure in the preceding year.
This year, 54,700,000 tons of petrochemical products will be exported.
Iran’s petrochemical output will amount to 160 million tons by next nine years from present 61 million tons.