Figures by the Iranian customs office (IRICA) shows that sales of petrochemical products reached over $9.14 billion in the five months to late August.

IRICA figures published on Sunday showed that petrochemicals shipments�had accounted for 44% of the value of Iran�s total exports over the April-August period.

The figures showed that petrochemical exports from Iran had increased by 38% in value terms compared with the five months to late August 2021.

Main petchem products exported from Iran over the April-August period were liquefied propane, methanol, liquefied petroleum gas (LPG), urea and liquefied butane, said the Iranian customs office.

It said that Iran�s sales of liquefied propane had reached $1.648 billion in value terms over the five months to late August, an increase of 188% compared with the same period last year.

Overseas methanol shipments increased by 43% year on year in April-August to reach $1.24 billion, showed IRICA figures.

The figures showed that LPG exports from Iran was nearly flat year on year in the five calendar months to late August at $961 million while urea shipments reached $958 million in value terms over the same period, up 79% from figures reported�last year.

Iran sold some $940 million worth of liquefied butane in April-August, up 136% from the same period last year, the customs data showed

Iran has seen a major increase in activity in its petrochemicals sector since the country�s direct exports of crude came under American sanctions in 2018.

The country has launched�several major petrochemical plants in recent years while plans are in place to boost the output and exports from the sector to further reduce Iran�s reliance on crude oil exports.

 

 

By PRESS TV