Iran explores new petrochemical export targets
Azerbaijan, Baku, May 6 / Trend F.Milad /
Iran has explored new destinations to export its petrochemical products, the managing director of the National Petrochemical Company (NPC) said.
Abdolhossein Bayat told the Mehr News Agency that the NPC has been identifying new export targets for last two years. "Currently, exporting petrochemical products to Europe is regularly underway," he said, adding that boosting exports of polymer products is on the agenda.
On April 18, Bayat said that Iran exported some $14 billion worth of petrochemical products to 60 countries last calendar year, which ended on March 19.
He added that $10.5 billion of oil income will be allocated to the development of the national petrochemical industry.
Iran has developed 69 plans to boost its petrochemical output from the past year's 54 million tons to 100 million tons in 2015.
Western Europe and China are the main recipients of Iran's petrochemical exports, followed by Southeast Asia, the Middle East, the Subcontinent, Africa and Latin America.