Iran to rent storehouses in Asia

Business Materials 12 July 2011 16:32 (UTC +04:00)

Azerbaijan, Baku, July 12 /Trend/

Iran will increase petrochemical product exports to China and Vietnam by renting two storehouses in these countries, the Mehr news agency reported.

Iran plans to rent two new storehouses in China and Vietnam to increase its petrochemical products export in East Asia.

The Iranian National Petrochemical Company has storehouses in Shanghai and Tianjin and has also launched offices in China.

Iran has storehouses in South Korea, Netherland, UAE to store its petrochemical products and plans to install a new petrochemical hub in Eastern Europe.

The Iranian National Petrochemical Company expected to produce 46 million tons petrochemical products during the current solar year and predicts sales revenues on domestic and foreign markets as reaching $20 billion.