TEHRAN: Iran’s exports of petrochemical products has jumped up by about 30 per cent in weight in the post-sanctions era, a senior official said. However there has been no rise in terms of value mainly due to the decline in oil prices which resulted in lower prices of petrochemical products, Mehdi Sharifi Nik-Nafas, managing director of National Petrochemical Commercial Company, was quoted as saying by Iran Daily News, citing an IRNA report.
On the export of petrochemicals and the demand for such products in global markets, he said there is demand for the Iranian products in the world markets but the exports should keep up production. The official said there are three representative offices in Germany, the UK and Switzerland and number of sales offices in Europe will increase in the future in line with exports to those destinations.
More than 46.4 million tonnes of petrochemical products were produced last year which constituted 80 per cent of the nominal production capacity. Last year, 18.1 million tonnes of petrochemical products were exported, showing a growth of 23 per cent compared to the figure for the preceding year. This year, 54,700,000 tonnes of petrochemical products will be exported, it said. Iran’s petrochemical output will reach 160 million tonnes in next nine years from the current 61 million tonnes, added the report.
