Iran continues exports of petrochemical products despite sanctions

TEHRAN, Iran, Oct.23

Trend:

Iran's petrochemical companies continue production and exports despite the sanctions, said the head of marketing department at Nouri Petrochemical Company

Peyman Razmjoo discussed the company's activities in the sanction situation in an interview with Trend.

"Nouri Petrochemical Company construction was inaugurated in 2007. The company has been active for a decade, and it shares 25 percent of perfume products sale in the Persian Gulf holding," Razmjoo said. "The company is eminent in stock exchange and has positive outlook."

"Nouri Petrochemical implements its 4th production plan production. The exports of petrochemical products are currently positive. The target countries for petrochemical exports are the UAE, China and India, the Persian Gulf states and Singapore," he said.

Razmjoo went on to say: "About 20 to 25 percent of the petrochemical products are being exported via pipeline to regional countries, while the remaining part is offered in the stock exchange," he indicated.

"The US sanctions against Iran since last November affected petrochemical industry, but the petrochemical companies still manufacture and export products; however, there is a need for more efforts. So far, we have managed to maintain the production," he added.

"Naturally, the sanctions imposed more costs on petrochemical companies, but fortunately, global market is changing. The growth of oil prices in the global market has partially compensated our losses," Razmjoo said.

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