Baku, Azerbaijan, Apr.23
By Fatih Karimov - Trend:
Iran has found new importers of its petrochemicals in African countries, including Mozambique and Tanzania.
A number of petrochemical consignments have been exported to African countries, Iran's Mehr news agency reported on April 23.
Iran's Khorasan Petrochemical Complex exported a consignment of urea fertilizer to Tanzania in the past Iranian calendar year, which ended on March 20.
China, India, Bangladesh, Sri Lanka, Pakistan, and Iraq are currently the main buyers of Iranian petrochemicals, especially urea fertilizer and ammonium.
Iran exported $868 million worth of petrochemicals in the twelfth month of last Iranian calendar year (ended on March 20, 2014), which indicates an increase by 3.6 percent compared to the $835 million worth of petrochemical exports of the preceding month.
However the figure is also lower than the average monthly exports during the last year which was $893.5 million.
Foreign countries and especially India, African and the South American states, have lined up to buy Iranian petrochemical products after Iran and the six world powers reached a breakthrough deal on Tehran's nuclear program, Mehr News Agency reported on Nov. 25.
Chairman of the Association of Iranian Petrochemical Producers, Ahmad Mahdavi, told Mehr that lifting the sanctions on the country's petrochemical industry is welcomed, but there is no surplus of petrochemicals to be exported.
Demands for buying urea fertilizer and ammonium from Iran have increased, he noted.
The National Iranian Petrochemical Company has welcomed lifting international sanctions against the Iranian petrochemical industry after Iran and the six world powers reached a breakthrough deal.
On March 5, IRNA quoted National Iranian Petrochemical Company's production manager Ali Mohammad Bassaqzadeh as saying that Iran will be able to export petrochemical products to Europe once the international sanctions are lifted.
Previously, Iran exported its petrochemical products to Europe via intermediates.