Iran exports first petrochemical cargo to Egypt
Azerbaijan , Baku, June 9 / Trend/
Tabriz Petrochemical Complex has exported 25,000 tons of petrochemical products to Egypt, PANA news reported.
Iran recently negotiated with Egypt to export petrochemical products including polypropylene, methanol, parasailing, polymer grades and urea.
Tabriz Petrochemical Complex exports increased to 18 percent last month and reached to 9,000 tons of petrochemical products worth $12 million.
Tabriz Petrochemical Complex exports petrochemical products to Russia, China, Turkey Syria and Egypt, It is expected to export more petrochemical product to Egypt in future.
Iran produced around 40 million tons of petrochemical materials and will 30 million tones export. Iran plans to increase this figure to 100 million tons by 2015.
Tehran halted diplomatic relations with Cairo after Camp David Peace Accord in 1978 when Egyptian President signed peace treaty with Israel. However, Iran and Egypt opened a new page in their bilateral relations after fall of Hosni Mubarak in February 2011.