Iran exports $4 billion of petrochemicals to China and India

Oil&Gas Materials 14 January 2011 11:10 (UTC +04:00)

Azerbaijan, Baku, Jan. 14 / Trend, A.Yusifzade /

The Islamic Republic of Iran annually exports $4 billion of various petrochemical products to China and India, Moj News Agency reported quoting the managing director of Petrochemical Commercial Company of Iran (PCCI) Reza Hamzelu as saying.

Iran is planned to boost petrochemicals exports to China, Reza Hamzelu said adding that "Currently China is the biggest market for Iranian petrochemical products."

Iran exports $2.4 billion of various petrochemical products to China annually, Hamzelu said.

"Currently Iran is first methanol exporter and second heavy polyethylene exporter to China," he added.

According to him, Iran's 37 percent of petrochemicals and polymers are exported to China and Far East.

According to Hamzelu Iran, also exports 18 percent of its petrochemical products to India.

Iran has exported $1.5 billion of petrochemicals to India in 2010, Hamzelu said.

PCCI was founded in 2000 to operate on international markets as a petrochemical trading company with full support of NPC's about 40 years of experience. The scope of its core business mainly covers the purchase and sale of chemicals and aromatics, oil products, polymers, LPG and fertilizers.