Iran continues to export petrochemical products despite problems

Business Materials 8 July 2021 09:53 (UTC +04:00)
Iran continues to export petrochemical products despite problems

TEHRAN, Iran, July 8

By Sara Riazi - Trend:

Iran's export of petrochemical products continued despite restrictions and problems, vice president of Iran's Association of Petrochemical Industry Corporation (APIC) Fariborz Karimiaei told Trend in an interview.

He said that despite difficulties, Iran's petrochemical product exports continued, due to country's strong positions in South East Asia and China, as well as demand in the global market.

"The export volume during recent years has almost doubled, the country's export in 2013 was 12 million tons but it reached to 24.5 million tons in the last Iranian year (started March 20,2020)," he said.

"This doesn't mean we didn't face any problems, which included banking and financial issues, but petrochemical companies were successful and returned considerable amount of foreign currency revenues back to Iran," he said.

"If the atmosphere improves, our export situation will improve as well in the next Iranian year (starts March21, 2022)," Karimiaei said.

"The country's petrochemical production capacity last Iranian year was 84 million tons but considerable amount of the products were used for manufacturing other products," he said.