Iran Ups Petrochemical Products Exports by Over 30 Percent

A senior trade official announced that Iran has considerably increased the volume of its petrochemical products exports.
“Export of petrochemical products has increased by about 30 to 37 percent in weight in the post-sanctions era,” Iran’s Petrochemical Trading Company Managing Director Mehdi Sharifi Niknafs said on Friday.

He reiterated that 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.

Iran’s petrochemical output will amount to 160 million tons by next nine years from present 61 million tons.

In mid-May, Head of IMIDRO said that Iran has vast potentialities in attracting foreign investments in its petrochemical and mining industries.

Head of Iranian Mines & Mining Industries Development & Renovation (IMIDRO) Mehdi Karbasian told the Iran-Italy Commercial Conference in Tehran that Iran enjoys vast potentialities in different economic sectors for foreign partners.

“Access to abundant energy resources, raw materials, mines, low labor costs, 400-million-strong regional markets and skilled human forces provide for unparalleled opportunities in Iran for foreign investors,” he said.

He said unlike other regional countries, Iran’s economy does not rely on oil exports.

Karbasian said foreign investors can form up joint ventures with Iranian partners in Iran to tap the country’s vast potentialities in various economic sectors.
End/ Fars