...

Iran plans to expand fleet for petrochemical exports

Business Materials 26 December 2012 13:24 (UTC +04:00)

Azerbaijan, Baku, Dec. 26/ Trend G.Mehdi/

Iran plans to buy a number of ships to expand fleet with the goal of maintaining petrochemical exports, the Mehr News Agency quoted National Iranian Petrochemical Company's managing director Abdolhossein Bayat as saying.

Details on the issue will be explained in the near future, he said.

Despite international sanctions, Asian customers of Iranian petrochemical products have been increased, especially in India and China, he noted.

All the export-bound petrochemical consignments are being exported to global destinations under insurance services of domestic and foreign companies, Bayat said.

In May, Bayat said that nine petrochemical projects will be implemented in the current Iranian calendar year, which will boost the country's output by 8 million tons.

China and countries in Western Europe are the main recipients of Iran's petrochemical exports, followed by countries in Southeast Asia, the Middle East, the Indian Subcontinent, Africa, and Latin America, he noted.

Iran is seeking new markets for its petrochemical products. The NPC has been identifying new export targets for the past two years.

And boosting exports of polymer products is on the agenda.

On April 18, Bayat said that Iran exported $14 billion worth of petrochemical products to 60 countries during the previous Iranian calendar year (March 2011-March 2012).

He added that $10.5 billion of oil income will be allocated for the development of the national petrochemical industry.

Tags:
Latest

Latest