Iran exports first petchem consignment to Egypt
Managing director of Iran Petrochemical Commercial Company Reza Hamzehlou stated that Iran has exported its first consignment of petrochemical products to Egypt as part of a new agreement with that country in this field.
The final stages of negotiations between Iran and Egypt were going on for exporting 5 main petrochemical products including polypropylene, urea fertilizer, methanol, polymer grades and parazyline.
Africa has a share of only one percent of Iran's petrochemical exports.
In addition, talks have started in the ALBA region (Latin America) with countries such as Venezuela, Ecuador, Bolivia and Brazil for the exportation of Iranian petrochemical products to these countries.
Iran currently produces 25.8 percent of petrochemical products of the Middle East and 2.4 percent of the global output.
Iran plans to produce 44 million tons of petrochemicals by the end of the current year.
The Iranian 20-Year Outlook Plan (to end in 2025) envisions the petrochemical output to reach 100 million tons by 2015.