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Tehran Times Economic Desk

TEHRAN -- Iran exported some $5.6
billion worth of petrochemicals in the first seven months of the current
Iranian calendar year (ended October 22).

The amount shows 50 percent increase in comparison to the same period previous year, SHANA News Network reported.

Liquid propane, Polyethylene, and methanol were the main exported items.

During the mentioned period some $2.79 billion worth of gas condensates have also been exported.

The managing director of Iran Petrochemical Commercial Company
said in October that Iran will soon export its first petrochemical
shipment to Brazil.

Reza Hamzehlou added that, “Iran has defined new target markets
such as Africa and South America in order to diversify the destination
market for its petrochemical products.”

He named Brazil and Argentina as the potential buyers of Iranian petrochemicals.

According to Reza Hamzehlou Iran recently exported its first
consignment of petrochemical products to Egypt as part of a new
agreement with that country in this field.

He also noted that, “the final stages of negotiations between
Iran and Egypt were going on for exporting five main petrochemical
products i... >>>